QinetiQ Group plc (LON:QQ – Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 479.08 and traded as high as GBX 504.50. QinetiQ Group shares last traded at GBX 495, with a volume of 1,232,803 shares changing hands.
Wall Street Analysts Forecast Growth
QQ has been the subject of a number of research analyst reports. Citigroup boosted 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. Berenberg Bank lifted their price target on QinetiQ Group from GBX 580 to GBX 610 and gave the stock a “buy” rating in a report on Monday, August 3rd. Jefferies Financial Group restated a “hold” rating and issued a GBX 487 price target on shares of QinetiQ Group in a research note on Wednesday, July 1st. Royal Bank Of Canada upped their price objective on QinetiQ Group from GBX 490 to GBX 570 and gave the company a “sector perform” rating in a report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 600 price objective on shares of QinetiQ Group in a research report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, QinetiQ Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,663.40.
Get Our Latest Stock Analysis on QQ
QinetiQ Group Price Performance
Insider Buying and Selling
In related news, insider Steven L. Mogford acquired 9,092 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was purchased at an average cost of GBX 546 per share, with a total value of £49,642.32. Also, insider Steve Wadey acquired 145 shares of QinetiQ Group stock in a transaction on Thursday, August 20th. The shares were purchased at an average price of GBX 542 per share, for a total transaction of £785.90. Insiders have purchased 9,328 shares of company stock worth $5,087,823 in the last three months. 12.14% of the stock is currently owned by company insiders.
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.
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