QinetiQ Group (LON:QQ) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

QinetiQ Group plc (LON:QQ)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 480.37 and traded as high as GBX 517.50. QinetiQ Group shares last traded at GBX 512, with a volume of 1,285,360 shares traded.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 487 price objective on shares of QinetiQ Group in a research note on Wednesday, July 1st. Citigroup boosted their target price on 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. Berenberg Bank upped their target price on QinetiQ Group from GBX 580 to GBX 610 and gave the company a “buy” rating in a report on Monday, August 3rd. Royal Bank Of Canada raised their price target 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 600 price target on shares of QinetiQ Group in a research note on Wednesday, July 1st. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, QinetiQ Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,663.40.

QinetiQ Group Stock Performance

The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 74.20. The firm has a market capitalization of £2.80 billion, a PE ratio of 21.02, a PEG ratio of 1.47 and a beta of 0.33. The stock’s 50 day moving average price is GBX 492.04 and its two-hundred day moving average price is GBX 480.37.

Insider Buying and Selling at QinetiQ Group

In other news, insider Steve Wadey sold 118,534 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of GBX 429, for a total value of £508,510.86. Also, insider Steven L. Mogford acquired 9,092 shares of QinetiQ Group stock in a transaction dated Thursday, August 6th. The stock was bought at an average price of GBX 546 per share, for a total transaction of £49,642.32. Insiders have acquired 9,327 shares of company stock valued at $5,087,536 in the last three months. 12.14% of the stock is currently owned by company insiders.

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.