QinetiQ Group plc (LON:QQ – Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 475.20 and traded as high as GBX 498.32. QinetiQ Group shares last traded at GBX 491, with a volume of 1,249,079 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on QQ shares. Jefferies Financial Group restated a “hold” rating and set a GBX 487 price target on shares of QinetiQ Group in a research note on Wednesday, July 1st. 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. Citigroup increased their target price 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, Royal Bank Of Canada restated a “sector perform” rating and set a GBX 490 target price on shares of QinetiQ Group in a report on Tuesday, July 21st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,635.40.
Read Our Latest Analysis on QQ
QinetiQ Group Stock Up 0.4%
QinetiQ Group (LON:QQ – Get Free Report) last announced its quarterly earnings data on Thursday, May 21st. The company reported GBX 31.50 earnings per share (EPS) for the quarter. The business had revenue of GBX 192.26 billion for the quarter. QinetiQ Group had a return on equity of 19.34% and a net margin of 5.59%. On average, equities research analysts expect that QinetiQ Group plc will post 26.1405108 EPS for the current year.
Insider Transactions at QinetiQ Group
In other news, insider Steve Wadey sold 37,219 shares of QinetiQ Group stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of GBX 435, for a total value of £161,902.65. Over the last quarter, insiders bought 100 shares of company stock valued at $45,068. 12.14% of the stock is owned by company insiders.
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.
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