QinetiQ Group (LON:QQ) Stock Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• QinetiQ shares crossed above their 200-day moving average, reaching GBX 485 and last trading at GBX 484 on volume of about 1.44 million shares.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy”; Berenberg and Deutsche Bank maintain buy ratings, while RBC and Jefferies rate the stock as sector perform or hold.
• An insider recently purchased 9,092 shares for approximately £49,642, while another insider sold 118,534 shares; insiders collectively own 12.14% of the company.

QinetiQ Group plc (LON:QQ - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 480.54 and traded as high as GBX 485. QinetiQ Group shares last traded at GBX 484, with a volume of 1,440,336 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on QQ. Berenberg Bank increased 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. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 600 price objective on shares of QinetiQ Group in a report on Wednesday, July 1st. Royal Bank Of Canada boosted 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 issued a GBX 487 price objective on shares of QinetiQ Group in a research note 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 report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, QinetiQ Group presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,663.40.

QinetiQ Group Price Performance

The business has a 50 day moving average price of GBX 500.12 and a two-hundred day moving average price of GBX 480.54. The stock has a market cap of £2.67 billion, a PE ratio of 20.04, a P/E/G 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.

Insider Buying and Selling at QinetiQ Group

In other QinetiQ Group news, insider Steven L. Mogford acquired 9,092 shares of QinetiQ Group stock in a transaction on Thursday, August 6th. The stock was purchased at an average price of GBX 546 per share, for a total transaction of £49,642.32. Also, insider Steve Wadey sold 118,534 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of GBX 429, for a total transaction of £508,510.86. In the last three months, insiders acquired 9,327 shares of company stock worth $5,087,536. Insiders own 12.14% of the company's stock.

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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