QinetiQ Group (LON:QQ) Insider Purchases £49,642.32 in Stock

Key Points

• Insider Steven Mogford purchased 9,092 QinetiQ shares at GBX 546 each, investing approximately £49,642.
• QinetiQ shares rose to GBX 546.50, giving the company a market capitalization of about £3.02 billion; the stock trades at a P/E ratio of 22.63.
• Analyst sentiment is broadly positive, with three Buy ratings and two Holds, producing a consensus rating of “Moderate Buy.”

QinetiQ Group plc (LON:QQ - Get Free Report) insider Steven Mogford bought 9,092 shares of QinetiQ Group stock in a transaction dated Thursday, August 6th. The stock was purchased at an average price of GBX 546 per share, for a total transaction of £49,642.32.

QinetiQ Group Price Performance

QQ stock traded up GBX 4 during trading on Thursday, hitting GBX 546.50. 2,360,327 shares of the stock traded hands, compared to its average volume of 88,555. QinetiQ Group plc has a one year low of GBX 292.20 and a one year high of GBX 491. The stock has a market cap of £3.02 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 1.47 and a beta of 0.33. The company has a 50 day simple moving average of GBX 466.95 and a 200 day simple moving average of GBX 475.75. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 74.20.

QinetiQ Group (LON:QQ - Get Free Report) last issued its quarterly earnings data on Thursday, May 21st. The company reported GBX 31.50 earnings per share for the quarter. The firm had revenue of GBX 192.26 billion for the quarter. QinetiQ Group had a net margin of 5.59% and a return on equity of 19.34%. Equities analysts expect that QinetiQ Group plc will post 26.1405108 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 487 price target on shares of QinetiQ Group in a report on Wednesday, July 1st. 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. Citigroup lifted their price target 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. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 600 price objective on shares of QinetiQ Group in a report on Wednesday, July 1st. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a GBX 490 target price on shares of QinetiQ Group in a research report on Tuesday, July 21st. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,647.40.

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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