Insider Buying: QinetiQ Group (LON:QQ) Insider Buys 30 Shares of Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey acquired 30 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was purchased at an average cost of GBX 511 per share, for a total transaction of £153.30.

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

• On Monday, February 9th, Steve Wadey bought 40 shares of QinetiQ Group stock. The shares were purchased at an average cost of GBX 485 per share, with a total value of £194.
• On Friday, January 9th, Steve Wadey bought 31 shares of QinetiQ Group stock. The stock was purchased at an average price of GBX 486 per share, with a total value of £150.66.

QinetiQ Group Price Performance

LON QQ traded up GBX 13 on Tuesday, hitting GBX 516. The stock had a trading volume of 1,492,942 shares, compared to its average volume of 88,555. The business’s fifty day moving average price is GBX 495.44 and its 200 day moving average price is GBX 479.20. The stock has a market cap of £2.85 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 1.47 and a beta of 0.27. QinetiQ Group plc has a 52-week low of GBX 292.20 and a 52-week high of GBX 491.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on QQ shares. Deutsche Bank Aktiengesellschaft boosted their price target on QinetiQ Group from GBX 585 to GBX 635 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Berenberg Bank restated a “buy” rating and issued a GBX 550 target price on shares of QinetiQ Group in a research note on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, QinetiQ Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 578.33.

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.