QinetiQ Group (LON:QQ) Stock Passes Above 200-Day Moving Average – Time to Sell?

Shares of QinetiQ Group plc (LON:QQ) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 480.54 and traded as high as GBX 485. QinetiQ Group shares last traded at GBX 484, with a volume of 1,440,336 shares.

Wall Street Analyst Weigh In

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

QinetiQ Group Stock Performance

The company’s 50-day moving average price is GBX 501.45 and its 200 day moving average price is GBX 480.40. The stock has a market capitalization of £2.63 billion, a PE ratio of 19.77, a PEG ratio of 1.47 and a beta of 0.33. The company has a debt-to-equity ratio of 74.20, a quick ratio of 1.15 and a current ratio of 1.13.

Insider Buying and Selling

In other news, insider Steve Wadey sold 118,534 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of GBX 429, for a total value of £508,510.86. Also, insider Steven L. Mogford bought 9,092 shares of the stock in a transaction dated Thursday, August 6th. The stock was purchased at an average price of GBX 546 per share, with a total value of £49,642.32. Insiders have acquired a total of 9,296 shares of company stock worth $5,072,687 in the last quarter. Company 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.