QinetiQ Group (LON:QQ) Stock: Insider Steve Wadey Sells 103,945 Shares

QinetiQ Group plc (LON:QQ) insider Steve Wadey sold 103,945 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of GBX 487, for a total transaction of £506,212.15.

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

• On Wednesday, September 9th, Steve Wadey acquired 32 shares of QinetiQ Group stock. The shares were acquired at an average price of GBX 473 per share, with a total value of £151.36.
• On Thursday, August 20th, Steve Wadey acquired 145 shares of QinetiQ Group stock. The stock was bought at an average cost of GBX 542 per share, with a total value of £785.90.
• On Monday, August 10th, Steve Wadey acquired 26 shares of QinetiQ Group stock. The shares were purchased at an average cost of GBX 561 per share, for a total transaction of £145.86.
• On Thursday, July 9th, Steve Wadey acquired 33 shares of QinetiQ Group stock. The stock was purchased at an average cost of GBX 463 per share, with a total value of £152.79.

QinetiQ Group Stock Performance

Shares of LON QQ traded up GBX 5.60 during mid-day trading on Thursday, reaching GBX 489. 5,262,670 shares of the company’s stock were exchanged, compared to its average volume of 88,555. The company has a debt-to-equity ratio of 74.20, a current ratio of 1.13 and a quick ratio of 1.15. The firm has a market capitalization of £2.70 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 1.47 and a beta of 0.33. QinetiQ Group plc has a 52 week low of GBX 292.20 and a 52 week high of GBX 491. The firm has a 50-day moving average price of GBX 510.32 and a two-hundred day moving average price of GBX 478.08.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on QQ shares. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 487 price objective on shares of QinetiQ Group in a report on Wednesday, July 1st. Royal Bank Of Canada boosted 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. Berenberg Bank increased their target price on 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 reiterated a “buy” rating and issued a GBX 600 price target on shares of QinetiQ Group in a research report on Wednesday, July 1st. Finally, Citigroup increased their price objective on QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Three 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 a consensus rating of “Moderate Buy” and an average target price of GBX 1,663.40.

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.