Insider Buying: QinetiQ Group (LON:QQ) Insider Acquires £785.90 in Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey acquired 145 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was purchased at an average cost of GBX 542 per share, with a total value of £785.90.

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

• On Monday, August 10th, Steve Wadey acquired 26 shares of QinetiQ Group stock. The shares were purchased at an average cost of GBX 561 per share, for a total transaction of £145.86.
• On Thursday, July 9th, Steve Wadey bought 33 shares of QinetiQ Group stock. The shares were purchased at an average price of GBX 463 per share, for a total transaction of £152.79.
• On Wednesday, July 1st, Steve Wadey sold 37,219 shares of QinetiQ Group stock. The stock was sold at an average price of GBX 435, for a total transaction of £161,902.65.
• On Tuesday, June 23rd, Steve Wadey sold 118,534 shares of QinetiQ Group stock. The stock was sold at an average price of GBX 429, for a total transaction of £508,510.86.
• On Tuesday, June 9th, Steve Wadey purchased 31 shares of QinetiQ Group stock. The stock was acquired at an average price of GBX 479 per share, with a total value of £148.49.

QinetiQ Group Trading Up 0.7%

Shares of QQ opened at GBX 540 on Monday. QinetiQ Group plc has a fifty-two week low of GBX 292.20 and a fifty-two week high of GBX 491. The company has a market capitalization of £2.98 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 1.47 and a beta of 0.33. The stock has a fifty day moving average of GBX 484.46 and a two-hundred day moving average of GBX 478.96. The company has a debt-to-equity ratio of 74.20, a quick ratio of 1.15 and a current ratio of 1.13.

QinetiQ Group (LON:QQ) last posted its quarterly earnings data on Thursday, May 21st. The company reported GBX 31.50 earnings per share (EPS) for the quarter. The business had revenue of GBX 192.26 billion for the quarter. QinetiQ Group had a return on equity of 19.34% and a net margin of 5.59%. As a group, analysts forecast that QinetiQ Group plc will post 26.1405108 EPS for the current year.

Analysts Set New Price Targets

QQ has been the topic of several recent analyst reports. Royal Bank Of Canada increased their target price on QinetiQ Group from GBX 490 to GBX 570 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 600 price objective on shares of QinetiQ Group in a research note on Wednesday, July 1st. Berenberg Bank increased their price objective on shares of QinetiQ Group from GBX 580 to GBX 610 and gave the stock a “buy” rating in a report on Monday, August 3rd. Citigroup raised their target price on shares of QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 487 target price on shares of QinetiQ Group in a research report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company 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.