Insider Buying: QinetiQ Group (LON:QQ) Insider Purchases 31 Shares of Stock

Key Points

• Insider Steve Wadey purchased 31 shares of QinetiQ Group on September 9th at an average price of GBX 486, marking his third recent transaction involving 31 shares in the company.
• QinetiQ Group's stock price recently declined by 0.3%, trading at GBX 484.40, with a significant increase in trading volume at 806,304 shares on the day.
• Analysts maintain a Moderate Buy rating on QinetiQ Group, with a target price averaging GBX 558.33, following reports from several firms including Berenberg Bank and Shore Capital.

QinetiQ Group plc (LON:QQ - Get Free Report) insider Steve Wadey acquired 31 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were bought at an average price of GBX 486 per share, for a total transaction of £150.66.

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

• On Monday, August 11th, Steve Wadey acquired 31 shares of QinetiQ Group stock. The shares were bought at an average price of GBX 484 per share, for a total transaction of £150.04.
• On Friday, July 11th, Steve Wadey acquired 31 shares of QinetiQ Group stock. The shares were bought at an average price of GBX 491 per share, for a total transaction of £152.21.

QinetiQ Group Stock Performance

QinetiQ Group stock traded up GBX 2 during midday trading on Monday, reaching GBX 505. 900,267 shares of the company traded hands, compared to its average volume of 88,555. The company has a debt-to-equity ratio of 41.96, a current ratio of 1.35 and a quick ratio of 1.15. QinetiQ Group plc has a 12 month low of GBX 292.20 and a 12 month high of GBX 491. The firm has a market capitalization of £2.79 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48. The business has a 50 day moving average of GBX 489.55 and a two-hundred day moving average of GBX 460.10.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Shore Capital reiterated a "hold" rating on shares of QinetiQ Group in a research report on Thursday, July 17th. Berenberg Bank restated a "buy" rating and set a GBX 570 price objective on shares of QinetiQ Group in a research report on Thursday, July 17th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, QinetiQ Group currently has a consensus rating of "Moderate Buy" and an average price target of GBX 558.33.

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.