QinetiQ Group plc (LON:QQ - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 461.45 ($6.22) and traded as high as GBX 512.58 ($6.91). QinetiQ Group shares last traded at GBX 505.50 ($6.81), with a volume of 669,502 shares traded.
Analysts Set New Price Targets
QQ has been the topic of a number of recent research reports. Berenberg Bank reissued a "buy" rating and set a GBX 570 price objective on shares of QinetiQ Group in a research note on Thursday, July 17th. Shore Capital reissued a "hold" rating on shares of QinetiQ Group in a research note on Thursday, July 17th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of GBX 558.33.
Read Our Latest Analysis on QQ
QinetiQ Group Trading Down 0.5%
The stock has a market capitalization of £2.79 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 1.47 and a beta of 0.48. The company has a debt-to-equity ratio of 41.96, a quick ratio of 1.15 and a current ratio of 1.35. The business has a 50-day moving average of GBX 490.74 and a 200-day moving average of GBX 462.36.
Insider Activity
In other news, insider Martin Cooper bought 9,857 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The stock was purchased at an average cost of GBX 505 per share, with a total value of £49,777.85. Over the last ninety days, insiders bought 9,950 shares of company stock valued at $5,023,076. 12.14% of the stock is owned by corporate insiders.
QinetiQ Group Company Profile
(
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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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