QinetiQ Group (LON:QQ) Insider Buys £145.86 in Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey purchased 26 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average price of GBX 561 per share, for a total transaction of £145.86.

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

• On Thursday, July 9th, Steve Wadey acquired 33 shares of QinetiQ Group stock. The shares were acquired at an average cost of GBX 463 per share, for a total transaction of £152.79.
• On Wednesday, July 1st, Steve Wadey sold 37,219 shares of QinetiQ Group stock. The stock was sold at an average price of GBX 435, for a total value of £161,902.65.
• On Tuesday, June 23rd, Steve Wadey sold 118,534 shares of QinetiQ Group stock. The shares were sold at an average price of GBX 429, for a total value of £508,510.86.
• On Tuesday, June 9th, Steve Wadey bought 31 shares of QinetiQ Group stock. The shares were bought at an average price of GBX 479 per share, for a total transaction of £148.49.

QinetiQ Group Price Performance

Shares of LON QQ opened at GBX 563 on Friday. The company has a debt-to-equity ratio of 74.20, a quick ratio of 1.15 and a current ratio of 1.13. QinetiQ Group plc has a one year low of GBX 292.20 and a one year high of GBX 491. The firm has a market capitalization of £3.11 billion, a P/E ratio of 23.31, a PEG ratio of 1.47 and a beta of 0.33. The company’s fifty day moving average is GBX 475.40 and its two-hundred day moving average is GBX 477.36.

QinetiQ Group (LON:QQ) last announced its quarterly earnings results on Thursday, May 21st. The company reported GBX 31.50 earnings per share (EPS) for the quarter. QinetiQ Group had a net margin of 5.59% and a return on equity of 19.34%. The business had revenue of GBX 192.26 billion during the quarter. Analysts forecast that QinetiQ Group plc will post 26.1405108 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on QQ. Berenberg Bank lifted their price target on shares of QinetiQ Group from GBX 580 to GBX 610 and gave the company a “buy” rating in a research report on Monday, August 3rd. Royal Bank Of Canada upped their price target on QinetiQ Group from GBX 490 to GBX 570 and gave the stock a “sector perform” rating in a report on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 600 price objective on shares of QinetiQ Group in a research note on Wednesday, July 1st. Citigroup lifted their price objective on QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 487 target price on shares of QinetiQ Group in a research report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, QinetiQ Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,663.40.

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.