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

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.

QinetiQ Group plc (LON:QQ - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 457.64 ($6.19) and traded as high as GBX 487.40 ($6.59). QinetiQ Group shares last traded at GBX 486 ($6.57), with a volume of 564,206 shares trading hands.

Analyst Ratings Changes

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

QinetiQ Group Stock Down 0.3%

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 firm has a market capitalization of £2.67 billion, a P/E ratio of 20.06, a P/E/G ratio of 1.47 and a beta of 0.48. The stock has a fifty day moving average price of GBX 490.07 and a two-hundred day moving average price of GBX 457.64.

Insider Buying and Selling at QinetiQ Group

In other news, insider Martin Cooper purchased 9,857 shares of the stock in a transaction dated Monday, July 21st. The stock was acquired at an average cost of GBX 505 per share, for a total transaction of £49,777.85. In the last ninety days, insiders purchased 9,919 shares of company stock valued at $5,008,010. 12.14% of the stock is currently owned by 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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