Insider Buying: QinetiQ Group (LON:QQ) Insider Buys 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 bought 31 shares of the business's stock in a transaction on Tuesday, September 9th. The shares were acquired 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 bought 31 shares of QinetiQ Group stock. The shares were acquired at an average price of GBX 484 per share, for a total transaction of £150.04.
• On Friday, July 11th, Steve Wadey purchased 31 shares of QinetiQ Group stock. The stock was bought at an average cost of GBX 491 per share, with a total value of £152.21.

QinetiQ Group Trading Down 0.3%

Shares of QQ stock traded down GBX 1.60 on Wednesday, reaching GBX 484.40. The company had a trading volume of 806,304 shares, compared to its average volume of 88,555. The company has a current ratio of 1.35, a quick ratio of 1.15 and a debt-to-equity ratio of 41.96. The stock has a market cap of £2.67 billion, a PE ratio of 20.06, a PEG ratio of 1.47 and a beta of 0.48. The company has a 50-day moving average of GBX 490.07 and a 200-day moving average of GBX 457.64. QinetiQ Group plc has a 12 month low of GBX 292.20 and a 12 month high of GBX 491.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on QQ shares. Berenberg Bank reissued a "buy" rating and set a GBX 570 target price on shares of QinetiQ Group in a research note on Thursday, July 17th. Shore Capital reaffirmed a "hold" rating on shares of QinetiQ Group in a report on Thursday, July 17th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 558.33.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.