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

QinetiQ Group plc (LON:QQ) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 464.55 ($6.26) and traded as high as GBX 538 ($7.25). QinetiQ Group shares last traded at GBX 534 ($7.20), with a volume of 1,202,700 shares.

Analysts Set New Price Targets

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

QinetiQ Group Price Performance

The company has a debt-to-equity ratio of 41.96, a current ratio of 1.35 and a quick ratio of 1.15. The firm has a market capitalization of £2.96 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 1.47 and a beta of 0.48. The business’s fifty day simple moving average is GBX 496.63 and its 200 day simple moving average is GBX 464.55.

Insider Buying and Selling

In related news, insider Martin Cooper purchased 9,857 shares of QinetiQ Group stock in a transaction on Monday, July 21st. The stock was acquired at an average cost of GBX 505 per share, for a total transaction of £49,777.85. Insiders have acquired 9,950 shares of company stock valued at $5,023,076 in the last ninety days. Company insiders own 12.14% of the company’s stock.

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.