QinetiQ Group (LON:QQ) Stock Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• QinetiQ shares moved above their 200-day moving average, reaching GBX 565 and last trading at GBX 557, up from a 200-day average of GBX 478.25.
• Analysts maintain a “Moderate Buy” consensus: three rate the stock Buy and two Hold, with recent price targets ranging from GBX 487 to GBX 610.
• The company reported GBX 31.50 in quarterly EPS, a 19.34% return on equity and a 5.59% net margin; an insider also purchased 9,092 shares at GBX 546, while another insider sold 118,534 shares.

QinetiQ Group plc (LON:QQ - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 478.25 and traded as high as GBX 565. QinetiQ Group shares last traded at GBX 557, with a volume of 2,413,555 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on QQ. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 600 price objective on shares of QinetiQ Group in a research report on Wednesday, July 1st. Royal Bank Of Canada increased their target price on shares of QinetiQ Group from GBX 490 to GBX 570 and gave the stock a "sector perform" rating in a report on Monday, August 10th. Berenberg Bank raised their target price on shares of QinetiQ Group from GBX 580 to GBX 610 and gave the stock a "buy" rating in a research note on Monday, August 3rd. 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. Finally, Citigroup upped their price target on shares of QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the stock a "buy" rating in a research report on Tuesday, June 16th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, QinetiQ Group has a consensus rating of "Moderate Buy" and an average target price of GBX 1,663.40.

QinetiQ Group Trading Down 1.3%

The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 74.20. The stock has a fifty day simple moving average of GBX 480.68 and a 200 day simple moving average of GBX 478.25. The firm has a market capitalization of £3.04 billion, a P/E ratio of 22.78, a PEG ratio of 1.47 and a beta of 0.33.

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

Insider Buying and Selling

In other QinetiQ Group news, insider Steven L. Mogford purchased 9,092 shares of the company's stock in a transaction on Thursday, August 6th. The stock was acquired at an average cost of GBX 546 per share, for a total transaction of £49,642.32. Also, insider Steve Wadey sold 118,534 shares of the company's stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of GBX 429, for a total value of £508,510.86. Over the last three months, insiders purchased 9,182 shares of company stock worth $5,008,946. 12.14% of the stock is 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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