QinetiQ Group (LON:QQ) Stock Price Passes Above Two Hundred Day Moving Average of $293.76

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QinetiQ Group plc (LON:QQ)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $293.76 and traded as high as $287.20. QinetiQ Group shares last traded at $284.00, with a volume of 570,401 shares traded.

QQ has been the topic of several research reports. Barclays reissued an “overweight” rating on shares of QinetiQ Group in a research report on Thursday, July 25th. Credit Suisse Group cut QinetiQ Group to a “neutral” rating and dropped their target price for the stock from GBX 345 ($4.51) to GBX 325 ($4.25) in a research report on Friday, June 28th. UBS Group reissued a “sell” rating on shares of QinetiQ Group in a research report on Friday, June 21st. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 300 ($3.92) target price on shares of QinetiQ Group in a research report on Wednesday, July 17th. Finally, Berenberg Bank raised QinetiQ Group to a “buy” rating and raised their target price for the stock from GBX 320 ($4.18) to GBX 340 ($4.44) in a research report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 297.86 ($3.89).

The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.22. The stock has a market capitalization of $1.60 billion and a PE ratio of 14.07. The stock has a 50-day moving average price of GBX 280.02 and a two-hundred day moving average price of GBX 293.38.

In other news, insider Steve Wadey sold 71,197 shares of QinetiQ Group stock in a transaction dated Monday, July 1st. The stock was sold at an average price of GBX 280 ($3.66), for a total transaction of £199,351.60 ($260,488.17). Over the last ninety days, insiders have bought 212 shares of company stock worth $59,980.

QinetiQ Group Company Profile (LON:QQ)

QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and aerospace markets in the United Kingdom and internationally. The company operates through EMEA Services and Global Products segments. It offers de-risk complex aerospace programs by testing system and equipment, air engineering services, aircraft system integration and upgrades, life aircraft support services, unmanned aircraft systems, human factors integration, aero structures, air traffic management, and aircraft mission systems; smart materials, which include acoustic stealth materials, radio frequency stealth materials, and electro-optic stealth materials; and runway debris detection technology, training to experienced pilots and engineers, and safety and environmental management services.

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