Steve Wadey Buys 29 Shares of QinetiQ Group (LON:QQ) Stock

Key Points

• Steve Wadey, an insider at QinetiQ Group, acquired 29 shares at an average price of GBX 510 per share on October 9th, following previous purchases in September and August, highlighting ongoing insider buying activity.
• As of the latest trading session, QinetiQ Group's stock was priced at GBX 510, with a market capitalization of £2.81 billion, showing consistent trading volume significantly above its average.
• Analysts maintain a consensus of 'Moderate Buy' with a target price of GBX 558.33, indicating optimism regarding the stock's potential performance.

QinetiQ Group plc (LON:QQ - Get Free Report) insider Steve Wadey purchased 29 shares of the business's stock in a transaction on Thursday, October 9th. The shares were acquired at an average price of GBX 510 per share, with a total value of £147.90.

Steve Wadey also recently made the following trade(s):

• On Tuesday, September 9th, Steve Wadey purchased 31 shares of QinetiQ Group stock. The shares were acquired at an average price of GBX 486 per share, with a total value of £150.66.
• On Monday, August 11th, Steve Wadey purchased 31 shares of QinetiQ Group stock. The shares were acquired at an average price of GBX 484 per share, with a total value of £150.04.

QinetiQ Group Price Performance

QQ traded down GBX 3.50 during midday trading on Friday, reaching GBX 510. 915,484 shares of the company's stock were exchanged, compared to its average volume of 88,555. QinetiQ Group plc has a one year low of GBX 292.20 and a one year high of GBX 491. The business has a 50-day simple moving average of GBX 498.29 and a two-hundred day simple moving average of GBX 468.27. The company has a quick ratio of 1.15, a current ratio of 1.35 and a debt-to-equity ratio of 41.96. The firm has a market capitalization of £2.81 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on QQ shares. Shore Capital reiterated a "hold" rating on shares of QinetiQ Group in a research note on Thursday, July 17th. Berenberg Bank reiterated a "buy" rating and issued a GBX 570 target price on shares of QinetiQ Group in a research note on Thursday, July 17th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 558.33.

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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