QinetiQ Group (LON:QQ) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

QinetiQ Group plc (LON:QQ) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 478.91 and traded as high as GBX 513. QinetiQ Group shares last traded at GBX 509, with a volume of 1,176,411 shares.

Analysts Set New Price Targets

QQ has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on QinetiQ Group from GBX 585 to GBX 635 and gave the company a “buy” rating in a report on Tuesday, January 20th. Berenberg Bank reiterated a “buy” rating and set a GBX 550 price target on shares of QinetiQ Group in a report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 578.33.

QinetiQ Group Stock Up 2.5%

The stock’s 50-day moving average price is GBX 494.19 and its 200 day moving average price is GBX 478.98. The firm has a market cap of £2.78 billion, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 1.47 and a beta of 0.27.

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.