QinetiQ Group (LON:QQ) Insider Steve Wadey Acquires 28 Shares of Company Stock

Key Points

• Insider Steve Wadey bought 28 QinetiQ shares at GBX 529 each, for £148.12, on November 9.
• Wadey had also made several smaller purchases in recent months, but sold 103,945 shares for about £506,212 on September 30.
• Analyst sentiment was moderately positive: three analysts rated the stock Buy and two Hold, with a consensus rating of “Moderate Buy.”

QinetiQ Group plc (LON:QQ - Get Free Report) insider Steve Wadey acquired 28 shares of the stock in a transaction that occurred on Monday, November 9th. The shares were acquired at an average cost of GBX 529 per share, with a total value of £148.12.

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

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

QinetiQ Group Stock Performance

QinetiQ Group stock traded up GBX 19 during mid-day trading on Tuesday, hitting GBX 532. 790,300 shares of the company's stock traded hands, compared to its average volume of 88,555. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 74.20. QinetiQ Group plc has a one year low of GBX 292.20 and a one year high of GBX 491. The firm has a 50 day moving average price of GBX 491.53 and a 200 day moving average price of GBX 484.87. The company has a market cap of £2.94 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 1.47 and a beta of 0.33.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on QQ shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 600 price target on shares of QinetiQ Group in a research note on Monday. Royal Bank Of Canada boosted their price target on shares of QinetiQ Group from GBX 490 to GBX 570 and gave the company a "sector perform" rating in a report on Monday, August 10th. Finally, Berenberg Bank increased their price objective on QinetiQ Group from GBX 580 to GBX 610 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.

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