QinetiQ Group (LON:QQ) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

QinetiQ Group plc (LON:QQ) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 478.25 and traded as high as GBX 565. QinetiQ Group shares last traded at GBX 557, with a volume of 2,413,555 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have issued reports on QQ shares. Berenberg Bank raised their price objective on shares of QinetiQ Group from GBX 580 to GBX 610 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 600 price objective on shares of QinetiQ Group in a research report on Wednesday, July 1st. Citigroup raised their target price on QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the company a “buy” rating in a report on Tuesday, June 16th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 487 price target on shares of QinetiQ Group in a report on Wednesday, July 1st. Finally, Royal Bank Of Canada boosted their price objective on QinetiQ Group from GBX 490 to GBX 570 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 1,663.40.

QinetiQ Group Price Performance

The company has a debt-to-equity ratio of 74.20, a quick ratio of 1.15 and a current ratio of 1.13. The business has a 50 day moving average price of GBX 482.23 and a 200-day moving average price of GBX 478.46. The company has a market capitalization of £2.97 billion, a price-to-earnings ratio of 22.32, a P/E/G ratio of 1.47 and a beta of 0.33.

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

Insider Activity at QinetiQ Group

In other news, insider Steve Wadey sold 118,534 shares of QinetiQ Group stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of GBX 429, for a total transaction of £508,510.86. Also, insider Steven L. Mogford purchased 9,092 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were bought at an average price of GBX 546 per share, with a total value of £49,642.32. In the last quarter, insiders acquired 9,182 shares of company stock worth $5,008,946. Corporate insiders own 12.14% of the company’s stock.

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.