QinetiQ Group (LON:QQ) Insider Steve Wadey Buys 33 Shares of Stock

Key Points

• QinetiQ insider Steve Wadey bought 33 shares at GBX 457 each, worth £150.81, on October 9. This followed a much larger sale of 103,945 shares worth £506,212.15 on September 30.
• QinetiQ shares traded at GBX 457, with a £2.52 billion market capitalization and a 52-week range of GBX 292.20 to GBX 491. The stock remained below its 50-day moving average of GBX 506.97.
• Analysts hold a generally positive view, with three Buy ratings and two Holds, producing a consensus rating of “Moderate Buy.” Several firms raised their price targets, including Deutsche Bank at GBX 600 and Berenberg at GBX 610.

QinetiQ Group plc (LON:QQ - Get Free Report) insider Steve Wadey acquired 33 shares of QinetiQ Group stock in a transaction on Friday, October 9th. The shares were bought at an average price of GBX 457 per share, with a total value of £150.81.

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

• 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 bought at an average price of GBX 473 per share, for a total transaction of £151.36.
• On Thursday, August 20th, Steve Wadey bought 145 shares of QinetiQ Group stock. The shares were bought at an average cost of GBX 542 per share, for a total transaction of £785.90.
• On Monday, August 10th, Steve Wadey bought 26 shares of QinetiQ Group stock. The shares were bought at an average cost of GBX 561 per share, for a total transaction of £145.86.

QinetiQ Group Stock Performance

QQ stock traded up GBX 3 during trading on Monday, hitting GBX 457. 740,290 shares of the company traded hands, compared to its average volume of 88,555. The stock's 50-day simple moving average is GBX 506.97 and its 200 day simple moving average is GBX 476.47. The company has a debt-to-equity ratio of 74.20, a current ratio of 1.13 and a quick ratio of 1.15. The company has a market cap of £2.52 billion, a PE ratio of 18.92, a P/E/G ratio of 1.47 and a beta of 0.33. QinetiQ Group plc has a 1 year low of GBX 292.20 and a 1 year high of GBX 491.

Analyst Upgrades and Downgrades

QQ has been the topic of several research analyst reports. Royal Bank Of Canada lifted their price objective on QinetiQ Group from GBX 490 to GBX 570 and gave the stock a "sector perform" rating in a report on Monday, August 10th. Jefferies Financial Group reissued a "hold" rating and set a GBX 487 target price on shares of QinetiQ Group in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 600 price target on shares of QinetiQ Group in a research note on Wednesday, July 1st. Citigroup increased their price objective on QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the company a "buy" rating in a research note on Tuesday, June 16th. Finally, Berenberg Bank lifted their target price on shares of 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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