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

QinetiQ Group plc (LON:QQ) insider Steve Wadey bought 31 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was 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 Tuesday, December 9th, Steve Wadey purchased 35 shares of QinetiQ Group stock. The stock was acquired at an average cost of GBX 436 per share, with a total value of £152.60.
• On Tuesday, November 11th, Steve Wadey purchased 33 shares of QinetiQ Group stock. The stock was purchased at an average price of GBX 451 per share, for a total transaction of £148.83.

QinetiQ Group Stock Up 3.2%

Shares of QinetiQ Group stock traded up GBX 15.50 during trading hours on Monday, reaching GBX 500.50. 1,738,022 shares of the company’s stock were exchanged, compared to its average volume of 88,555. QinetiQ Group plc has a fifty-two week low of GBX 292.20 and a fifty-two week high of GBX 491. The stock has a market cap of £2.76 billion, a P/E ratio of 20.73, a P/E/G ratio of 1.47 and a beta of 0.48. The company has a 50 day moving average of GBX 439.92 and a two-hundred day moving average of GBX 476.55. The company has a current ratio of 1.35, a quick ratio of 1.15 and a debt-to-equity ratio of 41.96.

QinetiQ Group (LON:QQ) last issued its quarterly earnings results on Thursday, November 13th. The company reported GBX 14.20 EPS for the quarter. QinetiQ Group had a net margin of 7.03% and a return on equity of 14.98%. On average, sell-side analysts forecast that QinetiQ Group plc will post 26.1405108 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on QQ shares. Berenberg Bank dropped their price objective on QinetiQ Group from GBX 570 to GBX 550 and set a “buy” rating for the company in a research note on Friday, November 14th. Jefferies Financial Group increased their target price on QinetiQ Group from GBX 520 to GBX 550 and gave the stock a “hold” rating in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 556.67.

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.