QinetiQ Group (LON:QQ) Insider Buys £148.12 in Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey acquired 28 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The stock was acquired at an average price of GBX 529 per share, with a total value of £148.12.

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

• On Friday, October 9th, Steve Wadey purchased 33 shares of QinetiQ Group stock. The stock was purchased at an average cost of GBX 457 per share, for a total transaction of £150.81.
• On Wednesday, September 30th, Steve Wadey sold 103,945 shares of QinetiQ Group stock. The stock was sold at an average price of GBX 487, for a total transaction of £506,212.15.
• On Wednesday, September 9th, Steve Wadey acquired 32 shares of QinetiQ Group stock. The stock was bought at an average cost of GBX 473 per share, with a total value of £151.36.
• On Thursday, August 20th, Steve Wadey acquired 145 shares of QinetiQ Group stock. The stock was bought at an average cost of GBX 542 per share, for a total transaction of £785.90.

QinetiQ Group Stock Performance

LON QQ opened at GBX 523 on Friday. The firm has a 50-day moving average price of GBX 493.17 and a two-hundred day moving average price of GBX 484.97. The company has a market capitalization of £2.89 billion, a P/E ratio of 21.66, a P/E/G ratio of 1.47 and a beta of 0.33. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 74.20. QinetiQ Group plc has a 12-month low of GBX 292.20 and a 12-month high of GBX 491.

QinetiQ Group (LON:QQ) last posted its earnings results on Thursday, November 12th. The company reported GBX 16.80 EPS for the quarter. The firm had revenue of £923.20 million during the quarter. QinetiQ Group had a return on equity of 19.34% and a net margin of 5.59%. Analysts anticipate that QinetiQ Group plc will post 26.14 earnings per share for the current year.

More QinetiQ Group News

These are some of the QQ news items that stood out recently:

• Neutral Sentiment: Deutsche Bank reiterated its “Buy” rating, while insider Steve Wadey bought 28 shares. The purchase was small and may have limited significance for the share price. Deutsche Bank reaffirms Buy rating Insider share purchase
• Negative Sentiment: QinetiQ agreed to sell its US business to Serco for $292 million and booked a £175 million impairment. The impairment contributed to a first-half pretax loss, while the disposal and retreat from the US may raise concerns about the value and outlook of that business. These factors have overshadowed the underlying profit growth. QinetiQ first-half pretax loss and US sale
• Negative Sentiment: Market coverage said the shares were trading at a discount following the US retreat, reinforcing concerns about the disposal and QinetiQ’s reduced US presence. QinetiQ trading on a discount after US retreat

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of QinetiQ Group from GBX 490 to GBX 570 and gave the company a “sector perform” rating in a research report on Monday, August 10th. Deutsche Bank reiterated a “buy” rating and set a GBX 600 target price on shares of QinetiQ Group in a report on Monday. Finally, Berenberg Bank boosted 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. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,663.40.

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.