QinetiQ Group (LON:QQ) Insider Steve Wadey Purchases 145 Shares of Stock

Key Points

• Insider purchase: QinetiQ CEO Steve Wadey bought 145 shares at GBX 542 each, totaling £785.90, following several smaller purchases in recent months. He previously sold 155,753 shares for approximately £670,414 in June and July.
• Stock performance: QinetiQ shares fell 0.6% to GBX 536 during Friday trading. The company has a £2.96 billion market capitalization, a P/E ratio of 22.20, and its shares remain above both the 50-day and 200-day moving averages.
• Analyst outlook: Analysts maintain a “Moderate Buy” consensus, with three Buy ratings and two Holds; several firms recently raised their price targets, including Berenberg to GBX 610 and Deutsche Bank to GBX 600.

QinetiQ Group plc (LON:QQ - Get Free Report) insider Steve Wadey purchased 145 shares of QinetiQ Group stock in a transaction dated Thursday, August 20th. The stock was bought at an average price of GBX 542 per share, for a total transaction of £785.90.

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

• On Monday, August 10th, Steve Wadey acquired 26 shares of QinetiQ Group stock. The stock was acquired at an average price of GBX 561 per share, for a total transaction of £145.86.
• On Thursday, July 9th, Steve Wadey acquired 33 shares of QinetiQ Group stock. The stock was acquired at an average price of GBX 463 per share, with a total value of £152.79.
• On Wednesday, July 1st, Steve Wadey sold 37,219 shares of QinetiQ Group stock. The stock was sold at an average price of GBX 435, for a total value of £161,902.65.
• On Tuesday, June 23rd, Steve Wadey sold 118,534 shares of QinetiQ Group stock. The stock was sold at an average price of GBX 429, for a total value of £508,510.86.
• On Tuesday, June 9th, Steve Wadey purchased 31 shares of QinetiQ Group stock. The shares were acquired at an average price of GBX 479 per share, with a total value of £148.49.

QinetiQ Group Stock Down 0.6%

Shares of QinetiQ Group stock traded down GBX 3 during trading hours on Friday, reaching GBX 536. The company's stock had a trading volume of 1,199,232 shares, 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 company has a debt-to-equity ratio of 74.20, a quick ratio of 1.15 and a current ratio of 1.13. The stock's fifty day simple moving average is GBX 483.40 and its two-hundred day simple moving average is GBX 478.70. The company has a market capitalization of £2.96 billion, a P/E ratio of 22.20, a P/E/G ratio of 1.47 and a beta of 0.33.

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

Wall Street Analysts Forecast Growth

QQ has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed 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 increased 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 note on Monday, August 10th. Berenberg Bank upped their price objective on shares of QinetiQ Group from GBX 580 to GBX 610 and gave the stock a "buy" rating in a report on Monday, August 3rd. Jefferies Financial Group reissued a "hold" rating and set a GBX 487 price objective on shares of QinetiQ Group in a research report on Wednesday, July 1st. Finally, Citigroup boosted their price objective on shares of 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 research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average 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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