QinetiQ Group plc (LON:QQ – Get Free Report) insider Steve Wadey sold 37,219 shares of QinetiQ Group stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of GBX 435, for a total transaction of £161,902.65.
Steve Wadey also recently made the following trade(s):
- On Tuesday, June 23rd, Steve Wadey sold 118,534 shares of QinetiQ Group stock. The shares were sold at an average price of GBX 429, for a total value of £508,510.86.
- On Tuesday, June 9th, Steve Wadey bought 31 shares of QinetiQ Group stock. The shares were acquired at an average cost of GBX 479 per share, for a total transaction of £148.49.
- On Monday, May 11th, Steve Wadey acquired 36 shares of QinetiQ Group stock. The shares were acquired at an average price of GBX 415 per share, for a total transaction of £149.40.
- On Thursday, April 9th, Steve Wadey acquired 31 shares of QinetiQ Group stock. The shares were acquired at an average cost of GBX 486 per share, for a total transaction of £150.66.
QinetiQ Group Stock Up 5.6%
LON:QQ traded up GBX 23.80 during trading hours on Thursday, reaching GBX 446.20. The company’s stock had a trading volume of 4,460,920 shares, compared to its average volume of 88,555. The company has a market capitalization of £2.46 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 1.47 and a beta of 0.32. QinetiQ Group plc has a 12 month low of GBX 292.20 and a 12 month high of GBX 491. The company has a debt-to-equity ratio of 74.20, a quick ratio of 1.15 and a current ratio of 1.13. The stock has a 50 day moving average price of GBX 449.17 and a two-hundred day moving average price of GBX 471.88.
QinetiQ Group declared that its Board of Directors has approved a share buyback program on Wednesday, March 25th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
Analyst Ratings Changes
QQ has been the subject of several recent analyst reports. Citigroup boosted their price objective on shares of 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 600 price target on shares of QinetiQ Group in a research report on Wednesday. Finally, 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. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 1,921.75.
Read Our Latest Stock Report on QinetiQ Group
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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