QinetiQ Group (LON:QQ) Insider Purchases £194 in Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey bought 40 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was bought at an average cost of GBX 485 per share, for a total transaction of £194.

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

• On Friday, January 9th, Steve Wadey acquired 31 shares of QinetiQ Group stock. The stock was purchased at an average price of GBX 486 per share, with a total value of £150.66.
• On Tuesday, December 9th, Steve Wadey bought 35 shares of QinetiQ Group stock. The stock was acquired at an average cost of GBX 436 per share, with a total value of £152.60.

QinetiQ Group Stock Down 2.7%

QinetiQ Group stock opened at GBX 482 on Friday. The stock has a 50 day moving average of GBX 471.85 and a two-hundred day moving average of GBX 477.72. QinetiQ Group plc has a twelve month low of GBX 292.20 and a twelve month high of GBX 491. The stock has a market capitalization of £2.66 billion, a price-to-earnings ratio of 19.96, a PEG 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.

QinetiQ Group (LON:QQ) last announced its quarterly earnings data on Thursday, November 13th. The company reported GBX 14.20 EPS for the quarter. QinetiQ Group had a net margin of 7.03% and a return on equity of 14.98%. As a group, research analysts expect that QinetiQ Group plc will post 26.1405108 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on QQ shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of QinetiQ Group from GBX 585 to GBX 635 and gave the company a “buy” rating in a report on Tuesday, January 20th. Jefferies Financial Group increased their target price on shares of QinetiQ Group from GBX 520 to GBX 550 and gave the company a “hold” rating in a report on Thursday, October 30th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 550 price target on shares of QinetiQ Group in a research note on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 576.25.

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.