QinetiQ Group (LON:QQ) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• QinetiQ shares moved above their 200-day moving average, reaching GBX 517.50 before last trading at GBX 512, compared with a 200-day average of GBX 480.37.
• Analyst sentiment is generally positive: three analysts rate the stock “Buy” and two rate it “Hold,” while recent price targets range from GBX 487 to GBX 610. MarketBeat describes the overall consensus as “Moderate Buy.”
• Insiders have recently purchased shares, including 9,092 shares bought by Steven L. Mogford and 145 by Steve Wadey. Insiders collectively own 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 Friday . The stock has a 200-day moving average of GBX 480.37 and traded as high as GBX 517.50. QinetiQ Group shares last traded at GBX 512, with a volume of 1,285,360 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Royal Bank Of Canada upped their price target on shares of QinetiQ Group from GBX 490 to GBX 570 and gave the stock a "sector perform" rating in a research report on Monday, August 10th. Citigroup raised their price objective on QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the company a "buy" rating in a research report on Tuesday, June 16th. Berenberg Bank boosted their price objective on QinetiQ Group from GBX 580 to GBX 610 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Jefferies Financial Group restated a "hold" rating and set a GBX 487 price objective on shares of QinetiQ Group in a research note on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 600 target price on shares of QinetiQ Group in a research report on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 1,663.40.

QinetiQ Group Price Performance

The company has a market cap of £2.80 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 1.47 and a beta of 0.33. The business's 50 day moving average price is GBX 492.04 and its 200-day moving average price is GBX 480.37. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 74.20.

Insiders Place Their Bets

In other news, insider Steve Wadey purchased 145 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was acquired at an average cost of GBX 542 per share, with a total value of £785.90. Also, insider Steven L. Mogford purchased 9,092 shares of the company's stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of GBX 546 per share, for a total transaction of £49,642.32. Over the last ninety days, insiders have purchased 9,327 shares of company stock valued at $5,087,536. Company 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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