QinetiQ Group (LON:QQ) Insider Steve Wadey Purchases 32 Shares of Stock

Key Points

• Insider purchase: QinetiQ CEO Steve Wadey bought 32 shares at GBX 473 each, worth £151.36. He has made several small purchases recently, following significantly larger sales in June and July.
• Stock performance: QinetiQ shares rose 1.1% to GBX 472.80, with trading volume far above average. The stock has a 12-month range of GBX 292.20 to GBX 491 and a market capitalization of approximately £2.61 billion.
• Analyst outlook: Coverage remains positive, with three Buy ratings and two Hold ratings, producing a consensus rating of “Moderate Buy.” Analysts cited in the article set price targets ranging from GBX 487 to GBX 6,050.

QinetiQ Group plc (LON:QQ - Get Free Report) insider Steve Wadey purchased 32 shares of the stock in a transaction on Wednesday, September 9th. The shares were acquired at an average cost of GBX 473 per share, with a total value of £151.36.

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

• On Thursday, August 20th, Steve Wadey acquired 145 shares of QinetiQ Group stock. The stock was acquired at an average price of GBX 542 per share, with a total value of £785.90.
• On Monday, August 10th, Steve Wadey acquired 26 shares of QinetiQ Group stock. The stock was acquired at an average price of GBX 561 per share, for a total transaction of £145.86.
• On Thursday, July 9th, Steve Wadey bought 33 shares of QinetiQ Group stock. The shares were acquired at an average cost of GBX 463 per share, for a total transaction of £152.79.
• On Wednesday, July 1st, Steve Wadey sold 37,219 shares of QinetiQ Group stock. The shares were sold at an average price of GBX 435, for a total value of £161,902.65.
• On Tuesday, June 23rd, Steve Wadey sold 118,534 shares of QinetiQ Group stock. The shares were sold at an average price of GBX 429, for a total value of £508,510.86.

QinetiQ Group Trading Up 1.1%

QQ stock traded up GBX 5 on Friday, reaching GBX 472.80. The company's stock had a trading volume of 1,310,537 shares, compared to its average volume of 88,555. The business has a fifty day simple moving average of GBX 502.98 and a two-hundred day simple moving average of GBX 479.77. 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 cap of £2.61 billion, a PE ratio of 19.58, a PEG ratio of 1.47 and a beta of 0.33. The company has a debt-to-equity ratio of 74.20, a quick ratio of 1.15 and a current ratio of 1.13.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Jefferies Financial Group reiterated a "hold" rating and set a GBX 487 price target on shares of QinetiQ Group in a research report on Wednesday, July 1st. Berenberg Bank raised their price objective on shares of QinetiQ Group from GBX 580 to GBX 610 and gave the stock a "buy" rating in a report on Monday, August 3rd. Royal Bank Of Canada lifted their price objective on QinetiQ Group from GBX 490 to GBX 570 and gave the company a "sector perform" rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 600 target price on shares of QinetiQ Group in a report on Wednesday, July 1st. Finally, Citigroup raised their target price 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. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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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