QinetiQ Group (LON:QQ) Shares Break Above 200 Day Moving Average - Time to Sell?

Key Points

• QinetiQ shares rose above their 200-day moving average, reaching GBX 496.80 compared with the GBX 476.79 average, on trading volume of more than 1.16 million shares.
• Analyst sentiment is broadly positive, with three Buy ratings and two Holds, producing a consensus rating of “Moderate Buy.” Price targets range from GBX 487 to GBX 610, although the article’s reported average target of GBX 1,663.40 appears inconsistent with those individual estimates.
• Insider activity was mixed: an executive sold 103,945 shares for about £506,000, while another insider bought 9,092 shares. Insiders own approximately 12.14% of the company.

Shares of QinetiQ Group plc (LON:QQ - Get Free Report) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 476.79 and traded as high as GBX 496.80. QinetiQ Group shares last traded at GBX 496.80, with a volume of 1,160,751 shares traded.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Jefferies Financial Group reiterated a "hold" rating and set a GBX 487 target price on shares of QinetiQ Group in a research report on Wednesday, July 1st. Royal Bank Of Canada raised their price objective on QinetiQ Group from GBX 490 to GBX 570 and gave the company a "sector perform" rating in a research note on Monday, August 10th. Berenberg Bank lifted their target price on QinetiQ Group from GBX 580 to GBX 610 and gave the stock a "buy" rating in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 600 price target on shares of QinetiQ Group in a research note on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of GBX 1,663.40.

QinetiQ Group Stock Down 1.9%

The firm has a market cap of £2.69 billion, a PE ratio of 20.18, a P/E/G ratio of 1.47 and a beta of 0.33. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 74.20. The business's 50-day simple moving average is GBX 498.93 and its 200 day simple moving average is GBX 476.79.

Insider Buying and Selling at QinetiQ Group

In related news, insider Steve Wadey sold 103,945 shares of the business's stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of GBX 487, for a total transaction of £506,212.15. Also, insider Steven L. Mogford purchased 9,092 shares of QinetiQ Group stock in a transaction dated Thursday, August 6th. The shares were acquired at an average cost of GBX 546 per share, for a total transaction of £49,642.32. Insiders have acquired a total of 9,328 shares of company stock worth $5,087,625 in the last ninety days. Insiders own 12.14% of the company's stock.

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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