QinetiQ Group (LON:QQ) Insider Purchases £148.12 in Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey acquired 28 shares of the stock in a transaction dated Monday, November 9th. The shares were purchased at an average price of GBX 529 per share, for a total transaction of £148.12.

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

• On Friday, October 9th, Steve Wadey bought 33 shares of QinetiQ Group stock. The stock was purchased at an average price of GBX 457 per share, with a total value of £150.81.
• On Wednesday, September 30th, Steve Wadey sold 103,945 shares of QinetiQ Group stock. The shares were sold at an average price of GBX 487, for a total value of £506,212.15.
• On Wednesday, September 9th, Steve Wadey bought 32 shares of QinetiQ Group stock. The stock was purchased at an average cost of GBX 473 per share, with a total value of £151.36.
• On Thursday, August 20th, Steve Wadey purchased 145 shares of QinetiQ Group stock. The shares were acquired at an average price of GBX 542 per share, for a total transaction of £785.90.

QinetiQ Group Stock Performance

QQ traded up GBX 19 during trading on Tuesday, reaching GBX 532. 790,300 shares of the company’s stock were exchanged, compared to its average volume of 88,555. The company has a market capitalization of £2.94 billion, a P/E ratio of 22.03, a PEG ratio of 1.47 and a beta of 0.33. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 74.20. The business has a 50 day moving average price of GBX 491.53 and a 200 day moving average price of GBX 484.87. QinetiQ Group plc has a fifty-two week low of GBX 292.20 and a fifty-two week high of GBX 491.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on QQ. Royal Bank Of Canada lifted their target price on shares of QinetiQ Group from GBX 490 to GBX 570 and gave the company a “sector perform” rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 600 price target on shares of QinetiQ Group in a research report on Monday. Finally, Berenberg Bank increased their price target on shares of QinetiQ Group from GBX 580 to GBX 610 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 1,663.40.

About QinetiQ Group

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.