QinetiQ Group (LON:QQ) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• QinetiQ Group's stock price has recently crossed above its 200-day moving average, indicating potential bullish momentum, with shares last trading at GBX 475.80.
• Analysts have given QinetiQ Group an average rating of "Moderate Buy" with a consensus price target of GBX 558.33, following upgrades from firms such as Berenberg Bank.
• Insider trading activity includes a purchase of nearly 10,000 shares by an insider, while another insider sold over 75,000 shares, suggesting mixed signals about the company's stock outlook.

QinetiQ Group plc (LON:QQ - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 454.41 ($6.11) and traded as high as GBX 485.20 ($6.52). QinetiQ Group shares last traded at GBX 475.80 ($6.40), with a volume of 832,546 shares changing hands.

Wall Street Analyst Weigh In

QQ has been the subject of several recent research reports. Berenberg Bank restated a "buy" rating and set a GBX 570 price objective on shares of QinetiQ Group in a report on Thursday, July 17th. Shore Capital reaffirmed a "hold" rating on shares of QinetiQ Group in a research report on Thursday, July 17th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 558.33.

QinetiQ Group Price Performance

The company has a debt-to-equity ratio of 41.96, a current ratio of 1.35 and a quick ratio of 1.15. The firm's 50 day simple moving average is GBX 491.79 and its two-hundred day simple moving average is GBX 454.71. The firm has a market capitalization of £2.60 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.47 and a beta of 0.48.

Insider Transactions at QinetiQ Group

In related news, insider Martin Cooper purchased 9,857 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The stock was bought at an average cost of GBX 505 per share, with a total value of £49,777.85. Also, insider Steve Wadey sold 75,060 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of GBX 517, for a total transaction of £388,060.20. Insiders acquired 9,946 shares of company stock worth $5,022,806 in the last 90 days. Corporate 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.