QinetiQ Group (LON:QQ) Shares Pass Above 200 Day Moving Average - Here's Why

Key Points

• QinetiQ Group's stock price has surpassed its 200-day moving average, with shares trading at GBX 486 ($6.57) after reaching a high of GBX 487.40 ($6.59).
• Analysts maintain a consensus rating of "Moderate Buy" for QinetiQ Group, with a price target of GBX 558.33, while a recent report from Berenberg Bank set a target price of GBX 570.
• Insider Martin Cooper acquired 9,857 shares at an average cost of GBX 505 per share, contributing to a total of 9,919 shares purchased by insiders over the last ninety days.

Shares of QinetiQ Group plc (LON:QQ - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 457.64 ($6.23) and traded as high as GBX 487.40 ($6.63). QinetiQ Group shares last traded at GBX 486 ($6.61), with a volume of 564,206 shares changing hands.

Analyst Ratings Changes

QQ has been the topic of several research analyst reports. Shore Capital reiterated a "hold" rating on shares of QinetiQ Group in a research report on Thursday, July 17th. Berenberg Bank restated a "buy" rating and issued a GBX 570 target price on shares of QinetiQ Group in a report on Thursday, July 17th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 558.33.

QinetiQ Group Stock Up 0.4%

The firm has a market capitalization of £2.79 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 1.47 and a beta of 0.48. 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 firm has a fifty day moving average price of GBX 489.61 and a 200 day moving average price of GBX 460.81.

Insider Activity at QinetiQ Group

In other QinetiQ Group news, insider Martin Cooper bought 9,857 shares of QinetiQ Group stock in a transaction dated Monday, July 21st. The shares were acquired at an average cost of GBX 505 per share, with a total value of £49,777.85. Over the last 90 days, insiders purchased 9,950 shares of company stock valued at $5,023,076. 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.