QinetiQ Group (LON:QQ) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• QinetiQ Group shares have recently surpassed their 200-day moving average, trading as high as GBX 480.55 ($6.50), which reflects positive momentum in the stock.
• Wall Street analysts maintain a positive outlook with a consensus rating of "Moderate Buy" and an average price target of GBX 558.33.
• Recent insider activity includes purchases totaling approximately £49,777 by Martin Cooper, while Steve Wadey sold shares worth £388,060, indicating mixed sentiment among company insiders.

QinetiQ Group plc (LON:QQ - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 448.44 ($6.06) and traded as high as GBX 480.55 ($6.50). QinetiQ Group shares last traded at GBX 480.40 ($6.49), with a volume of 689,387 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on QQ. Berenberg Bank restated a "buy" rating and issued a GBX 570 price target on shares of QinetiQ Group in a report on Thursday, July 17th. Shore Capital restated a "hold" rating on shares of QinetiQ Group in a report on Thursday, July 17th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of GBX 558.33.

QinetiQ Group Trading Up 0.6%

The company has a current ratio of 1.35, a quick ratio of 1.15 and a debt-to-equity ratio of 41.96. The business has a 50 day moving average of GBX 495.28 and a 200-day moving average of GBX 448.44. The stock has a market cap of £2.67 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48.

QinetiQ Group (LON:QQ - Get Free Report) last posted its earnings results on Thursday, May 22nd. The company reported GBX 26.10 earnings per share (EPS) for the quarter. QinetiQ Group had a return on equity of 14.98% and a net margin of 7.03%. On average, analysts anticipate that QinetiQ Group plc will post 26.1405108 EPS for the current year.

Insider Buying and Selling

In related news, insider Martin Cooper bought 9,857 shares of QinetiQ Group stock in a transaction that occurred on Monday, July 21st. The shares were purchased at an average price of GBX 505 per share, with a total value of £49,777.85. Also, insider Steve Wadey sold 75,060 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of GBX 517, for a total value of £388,060.20. In the last ninety days, insiders purchased 9,946 shares of company stock worth $5,022,806. 12.14% of the stock is owned by corporate insiders.

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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