Insider Buying: QinetiQ Group (LON:QQ) Insider Acquires 33 Shares of Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey purchased 33 shares of QinetiQ Group stock in a transaction dated Friday, October 9th. The shares were acquired at an average cost of GBX 457 per share, for a total transaction of £150.81.

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

• On Wednesday, September 30th, Steve Wadey sold 103,945 shares of QinetiQ Group stock. The shares were sold at an average price of GBX 487, for a total transaction of £506,212.15.
• On Wednesday, September 9th, Steve Wadey acquired 32 shares of QinetiQ Group stock. The stock was acquired at an average price of GBX 473 per share, with a total value of £151.36.
• On Thursday, August 20th, Steve Wadey bought 145 shares of QinetiQ Group stock. The shares were acquired at an average cost of GBX 542 per share, for a total transaction of £785.90.
• On Monday, August 10th, Steve Wadey bought 26 shares of QinetiQ Group stock. The shares were acquired at an average cost of GBX 561 per share, for a total transaction of £145.86.

QinetiQ Group Stock Up 0.7%

QQ stock traded up GBX 3 during midday trading on Monday, hitting GBX 457. The company’s stock had a trading volume of 740,290 shares, compared to its average volume of 88,555. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 74.20. QinetiQ Group plc has a 52-week low of GBX 292.20 and a 52-week high of GBX 491. The firm has a market capitalization of £2.52 billion, a P/E ratio of 18.92, a PEG ratio of 1.47 and a beta of 0.33. The firm has a 50-day simple moving average of GBX 506.97 and a 200-day simple moving average of GBX 476.47.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Citigroup upped their price target 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. 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. Jefferies Financial Group restated a “hold” rating and set a GBX 487 target price on shares of QinetiQ Group in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 600 target price on shares of QinetiQ Group in a report on Wednesday, July 1st. Finally, Berenberg Bank lifted their price target on shares of QinetiQ Group from GBX 580 to GBX 610 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, QinetiQ Group currently has an average rating of “Moderate Buy” and an average price target 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.