QinetiQ Group (LON:QQ) Insider Purchases £149.40 in Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey purchased 36 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average cost of GBX 415 per share, for a total transaction of £149.40.

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

• On Thursday, April 9th, Steve Wadey purchased 31 shares of QinetiQ Group stock. The stock was bought at an average cost of GBX 486 per share, for a total transaction of £150.66.
• On Monday, March 9th, Steve Wadey purchased 30 shares of QinetiQ Group stock. The stock was bought at an average cost of GBX 511 per share, for a total transaction of £153.30.

QinetiQ Group Trading Down 1.4%

QQ stock traded down GBX 6.10 during mid-day trading on Tuesday, reaching GBX 415.20. The company’s stock had a trading volume of 2,708,803 shares, compared to its average volume of 88,555. The stock has a market cap of £2.29 billion, a PE ratio of 17.19, a P/E/G ratio of 1.47 and a beta of 0.31. QinetiQ Group plc has a fifty-two week low of GBX 292.20 and a fifty-two week high of GBX 491. The company’s 50 day moving average is GBX 477.27 and its two-hundred day moving average is GBX 471.21.

QinetiQ Group announced that its board has approved a share buyback plan on Wednesday, March 25th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on QQ. Deutsche Bank Aktiengesellschaft raised their price target on shares of QinetiQ Group from GBX 585 to GBX 635 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Berenberg Bank restated a “buy” rating and set a GBX 550 price target on shares of QinetiQ Group in a report on Tuesday, January 20th. Two 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 578.33.

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.