Steve Wadey Purchases 32 Shares of QinetiQ Group (LON:QQ) Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey bought 32 shares of the firm’s stock in a transaction on Wednesday, September 9th. The shares were acquired at an average cost of GBX 473 per share, with a total value of £151.36.

Steve Wadey also recently made the following trade(s):

• On Thursday, August 20th, Steve Wadey bought 145 shares of QinetiQ Group stock. The shares were acquired at an average price of GBX 542 per share, with a total value of £785.90.
• On Monday, August 10th, Steve Wadey purchased 26 shares of QinetiQ Group stock. The stock was bought at an average cost of GBX 561 per share, for a total transaction of £145.86.
• On Thursday, July 9th, Steve Wadey purchased 33 shares of QinetiQ Group stock. The stock was bought at an average price of GBX 463 per share, for a total transaction of £152.79.
• On Wednesday, July 1st, Steve Wadey sold 37,219 shares of QinetiQ Group stock. The stock was sold at an average price of GBX 435, for a total value of £161,902.65.
• On Tuesday, June 23rd, Steve Wadey sold 118,534 shares of QinetiQ Group stock. The shares were sold at an average price of GBX 429, for a total value of £508,510.86.

QinetiQ Group Stock Up 1.1%

LON:QQ traded up GBX 5 during trading hours on Friday, reaching GBX 472.80. 1,310,537 shares of the company traded hands, compared to its average volume of 88,555. The business’s 50-day moving average price is GBX 502.98 and its two-hundred day moving average price is GBX 479.77. The stock has a market capitalization of £2.61 billion, a P/E ratio of 19.58, a P/E/G ratio of 1.47 and a beta of 0.33. QinetiQ Group plc has a 1 year low of GBX 292.20 and a 1 year high of GBX 491. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 74.20.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on QQ shares. Royal Bank Of Canada upped their price target on shares of QinetiQ Group from GBX 490 to GBX 570 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 600 price objective on shares of QinetiQ Group in a research note on Wednesday, July 1st. Berenberg Bank upped their target price on shares of QinetiQ Group from GBX 580 to GBX 610 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 487 target price on shares of QinetiQ Group in a research note on Wednesday, July 1st. Finally, Citigroup increased their price target 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 analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,663.40.

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.