QinetiQ Group (LON:QQ) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

QinetiQ Group plc (LON:QQ) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 473.53 and traded as high as GBX 488.40. QinetiQ Group shares last traded at GBX 467.60, with a volume of 1,422,553 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently commented on QQ. Jefferies Financial Group restated a “hold” rating and issued a GBX 487 price target on shares of QinetiQ Group in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 600 price objective on shares of QinetiQ Group in a research note on Wednesday, July 1st. Finally, Citigroup boosted their price objective on shares of QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the company a “buy” rating in a report on Tuesday, June 16th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,921.75.

QinetiQ Group Trading Down 1.1%

The company has a debt-to-equity ratio of 74.20, a quick ratio of 1.15 and a current ratio of 1.13. The stock has a market capitalization of £2.55 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 1.47 and a beta of 0.33. The firm’s fifty day simple moving average is GBX 450.66 and its 200 day simple moving average is GBX 473.53.

QinetiQ Group (LON:QQ) last issued its quarterly earnings results on Thursday, May 21st. The company reported GBX 31.50 earnings per share for the quarter. QinetiQ Group had a net margin of 5.59% and a return on equity of 19.34%. The company had revenue of GBX 192.26 billion during the quarter. As a group, equities research analysts forecast that QinetiQ Group plc will post 26.1405108 EPS for the current fiscal year.

QinetiQ Group declared that its Board of Directors has initiated a share repurchase plan on Wednesday, March 25th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other QinetiQ Group news, insider Steve Wadey sold 118,534 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of GBX 429, for a total transaction of £508,510.86. 12.14% of the stock is currently owned by corporate insiders.

QinetiQ Group Company Profile

QinetiQ Group plc operates as a science and engineering company in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally. The company operates through EMEA Services and Global Solutions segments. It offers advanced materials and manufacturing products; artificial intelligence, analytics, and advanced computing technologies; cyber and electromagnetic technologies; human protection and performance systems; novel systems, and weapons and effects; platform, and system design and assessment products; power sources, and energy storage and distribution products; robotics and autonomy services; secure communications and navigation systems; and sensing, processing, and data fusion systems.