QinetiQ Group (LON:QQ) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• QinetiQ Group shares recently surpassed their 200-day moving average of GBX 463.07, trading at GBX 525 ($7.01), with a high of GBX 530.71 ($7.08) during trading.
• Analysts have a consensus rating of "Moderate Buy" for QinetiQ Group, with a target price of GBX 558.33, and Berenberg Bank has set a target price of GBX 570.
• Insider trading activity shows confidence, with insider Martin Cooper purchasing nearly 10,000 shares at an average price of GBX 505, and insiders owning 12.14% of the company stock.

QinetiQ Group plc (LON:QQ - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 463.07 ($6.18) and traded as high as GBX 530.71 ($7.08). QinetiQ Group shares last traded at GBX 525 ($7.01), with a volume of 776,871 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on QQ shares. Shore Capital reaffirmed a "hold" rating on shares of QinetiQ Group in a report on Thursday, July 17th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 570 target price on shares of QinetiQ Group in a report on Thursday, July 17th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of GBX 558.33.

QinetiQ Group Stock Performance

The company has a market cap of £2.92 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48. The firm's fifty day moving average is GBX 492.61 and its 200 day moving average is GBX 463.07. The company has a current ratio of 1.35, a quick ratio of 1.15 and a debt-to-equity ratio of 41.96.

Insider Buying and Selling

In related news, insider Martin Cooper purchased 9,857 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was bought at an average price of GBX 505 per share, with a total value of £49,777.85. Over the last ninety days, insiders have acquired 9,950 shares of company stock valued at $5,023,076. 12.14% of the stock is currently owned by insiders.

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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