QinetiQ Group (LON:QQ) Stock: Insider Steve Wadey Purchases 33 Shares

QinetiQ Group plc (LON:QQ) insider Steve Wadey acquired 33 shares of the business’s stock in a transaction on Friday, October 9th. The stock was purchased at an average price of GBX 457 per share, for a total transaction of £150.81.

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

• On Wednesday, September 30th, Steve Wadey sold 103,945 shares of QinetiQ Group stock. The shares were sold at an average price of GBX 487, for a total transaction of £506,212.15.
• On Wednesday, September 9th, Steve Wadey bought 32 shares of QinetiQ Group stock. The shares were acquired at an average price 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 acquired at an average price of GBX 542 per share, with a total value of £785.90.
• On Monday, August 10th, Steve Wadey bought 26 shares of QinetiQ Group stock. The shares were acquired at an average price of GBX 561 per share, with a total value of £145.86.

QinetiQ Group Stock Up 1.5%

Shares of LON QQ opened at GBX 463.80 on Wednesday. QinetiQ Group plc has a 1 year low of GBX 292.20 and a 1 year high of GBX 491. The firm has a market cap of £2.56 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.47 and a beta of 0.33. 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’s 50-day simple moving average is GBX 504.83 and its 200-day simple moving average is GBX 476.30.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on QQ shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 600 price objective on shares of QinetiQ Group in a research note on Wednesday, July 1st. Citigroup upped their target price on QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Royal Bank Of Canada upped their target price on QinetiQ Group from GBX 490 to GBX 570 and gave the company a “sector perform” rating in a research report on Monday, August 10th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 487 target price on shares of QinetiQ Group in a research note on Wednesday, July 1st. Finally, Berenberg Bank raised their price target on shares of QinetiQ Group from GBX 580 to GBX 610 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, QinetiQ Group currently has a consensus rating of “Moderate Buy” and a consensus 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.