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

QinetiQ Group plc (LON:QQ) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 474.06 ($6.34) and traded as high as GBX 476 ($6.36). QinetiQ Group shares last traded at GBX 470 ($6.28), with a volume of 1,065,345 shares.

Analyst Ratings Changes

Several equities analysts have recently weighed in on QQ shares. Shore Capital reaffirmed a “hold” rating on shares of QinetiQ Group in a research note on Thursday, July 17th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 570 price target on shares of QinetiQ Group in a research note on Thursday, July 17th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 558.33.

QinetiQ Group Stock Performance

The firm has a market capitalization of £2.64 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 1.47 and a beta of 0.48. The stock’s fifty day moving average is GBX 496.74 and its two-hundred day moving average is GBX 474.06. The company has a quick ratio of 1.15, a current ratio of 1.35 and a debt-to-equity ratio of 41.96.

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.