QinetiQ Group (LON:QQ) Insider Sells £506,212.15 in Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey sold 103,945 shares of the stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of GBX 487, for a total transaction of £506,212.15.

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

• On Wednesday, September 9th, Steve Wadey acquired 32 shares of QinetiQ Group stock. The shares were purchased at an average cost 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 purchased at an average cost of GBX 542 per share, for a total transaction of £785.90.
• On Monday, August 10th, Steve Wadey purchased 26 shares of QinetiQ Group stock. The stock was purchased at an average cost of GBX 561 per share, with a total value of £145.86.
• On Thursday, July 9th, Steve Wadey purchased 33 shares of QinetiQ Group stock. The shares were purchased at an average price of GBX 463 per share, with a total value of £152.79.

QinetiQ Group Trading Down 1.0%

Shares of QQ stock opened at GBX 476 on Friday. The company has a market capitalization of £2.63 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 1.47 and a beta of 0.33. QinetiQ Group plc has a 52-week low of GBX 292.20 and a 52-week high of GBX 491. The business’s fifty day moving average is GBX 510.47 and its 200 day moving average is GBX 477.96. The company has a debt-to-equity ratio of 74.20, a quick ratio of 1.15 and a current ratio of 1.13.

Wall Street Analyst Weigh In

Several research analysts have recently commented on QQ shares. 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 report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 600 target price on shares of QinetiQ Group in a research note on Wednesday, July 1st. Berenberg Bank boosted 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. Citigroup increased their price target on shares of QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 487 price objective on shares of QinetiQ Group in a research report on Wednesday, July 1st. 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 stock has a consensus 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.