QinetiQ Group (LON:QQ) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

QinetiQ Group plc (LON:QQ)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 476.77 and traded as high as GBX 521.48. QinetiQ Group shares last traded at GBX 515.50, with a volume of 1,155,042 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently commented on QQ shares. Jefferies Financial Group increased their price target on QinetiQ Group from GBX 520 to GBX 550 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Berenberg Bank reduced their price objective on QinetiQ Group from GBX 570 to GBX 550 and set a “buy” rating on the stock in a research note on Friday, November 14th. Two 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 556.67.

QinetiQ Group Trading Up 2.4%

The business has a fifty day moving average of GBX 444.92 and a 200-day moving average of GBX 476.77. The company has a debt-to-equity ratio of 41.96, a quick ratio of 1.15 and a current ratio of 1.35. The company has a market capitalization of £2.84 billion, a P/E ratio of 21.35, a PEG ratio of 1.47 and a beta of 0.48.

QinetiQ Group (LON:QQ) last issued 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%. Analysts anticipate that QinetiQ Group plc will post 26.1405108 earnings per share for the current fiscal year.

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.