QinetiQ Group (LON:QQ) Insider Steve Wadey Sells 103,945 Shares of Stock

Key Points

• Insider sale: QinetiQ CEO Steve Wadey sold 103,945 shares at GBX 487 each, generating approximately £506,212. He had made several smaller purchases between July and September.
• Stock performance: QinetiQ shares rose to GBX 489, near their 12-month high of GBX 491, with market capitalization of approximately £2.70 billion.
• Analyst outlook: Analysts maintain a generally positive view, with three Buy ratings and two Hold ratings. The consensus rating is “Moderate Buy,” although the article’s reported average price target appears inconsistent with the individual targets listed.

QinetiQ Group plc (LON:QQ - Get Free Report) insider Steve Wadey sold 103,945 shares of QinetiQ Group stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of GBX 487, for a total transaction of £506,212.15.

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

• On Wednesday, September 9th, Steve Wadey acquired 32 shares of QinetiQ Group stock. The shares were acquired at an average cost 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 price 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 stock was purchased at an average price of GBX 561 per share, for a total transaction of £145.86.
• On Thursday, July 9th, Steve Wadey purchased 33 shares of QinetiQ Group stock. The shares were bought at an average cost of GBX 463 per share, for a total transaction of £152.79.

QinetiQ Group Stock Performance

Shares of QQ stock traded up GBX 5.60 on Thursday, reaching GBX 489. The stock had a trading volume of 5,262,670 shares, compared to its average volume of 88,555. 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 £2.70 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 1.47 and a beta of 0.33. The firm's 50-day moving average is GBX 510.32 and its two-hundred day moving average is GBX 478.08. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 74.20.

Analyst Upgrades and Downgrades

QQ has been the topic of several research reports. Jefferies Financial Group restated a "hold" rating and issued a GBX 487 price target on shares of QinetiQ Group in a research note on Wednesday, July 1st. Royal Bank Of Canada raised their target price on shares of QinetiQ Group from GBX 490 to GBX 570 and gave the stock a "sector perform" rating in a report on Monday, August 10th. Citigroup boosted their price target 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. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 600 price objective on shares of QinetiQ Group in a report on Wednesday, July 1st. Finally, Berenberg Bank raised their price target on QinetiQ Group from GBX 580 to GBX 610 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently 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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