Steve Wadey Buys 31 Shares of QinetiQ Group (LON:QQ) Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey acquired 31 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were purchased at an average price of GBX 486 per share, with a total value of £150.66.

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

• On Monday, August 11th, Steve Wadey bought 31 shares of QinetiQ Group stock. The stock was purchased at an average price of GBX 484 per share, for a total transaction of £150.04.
• On Friday, July 11th, Steve Wadey purchased 31 shares of QinetiQ Group stock. The shares were purchased at an average cost of GBX 491 per share, with a total value of £152.21.

QinetiQ Group Price Performance

Shares of QQ opened at GBX 503 on Friday. The stock has a market capitalization of £2.78 billion, a P/E ratio of 20.83, a P/E/G ratio of 1.47 and a beta of 0.48. QinetiQ Group plc has a twelve month low of GBX 292.20 and a twelve month high of GBX 491. The company has a 50 day moving average of GBX 489.55 and a 200-day moving average of GBX 459.27. The company has a quick ratio of 1.15, a current ratio of 1.35 and a debt-to-equity ratio of 41.96.

Analysts Set New Price Targets

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

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.