Insider Buying: QinetiQ Group (LON:QQ) Insider Purchases £150.66 in Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey acquired 31 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was purchased at an average price of GBX 486 per share, for a total transaction of £150.66.

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

• On Tuesday, December 9th, Steve Wadey purchased 35 shares of QinetiQ Group stock. The stock was bought at an average price of GBX 436 per share, for a total transaction of £152.60.
• On Tuesday, November 11th, Steve Wadey purchased 33 shares of QinetiQ Group stock. The stock was bought at an average price of GBX 451 per share, for a total transaction of £148.83.

QinetiQ Group Price Performance

Shares of LON:QQ opened at GBX 502.50 on Thursday. The business has a fifty day moving average price of GBX 441.31 and a 200-day moving average price of GBX 476.87. The company has a debt-to-equity ratio of 41.96, a current ratio of 1.35 and a quick ratio of 1.15. The company has a market capitalization of £2.77 billion, a PE ratio of 20.81, a PEG ratio of 1.47 and a beta of 0.48. QinetiQ Group plc has a 1-year low of GBX 292.20 and a 1-year high of GBX 491.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on QQ shares. Berenberg Bank dropped their price target on QinetiQ Group from GBX 570 to GBX 550 and set a “buy” rating for the company in a research note on Friday, November 14th. Jefferies Financial Group boosted their target price on shares of QinetiQ Group from GBX 520 to GBX 550 and gave the stock a “hold” rating in a report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 556.67.

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.