QinetiQ Group (LON:QQ) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

QinetiQ Group plc (LON:QQ) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 478.45 and traded as high as GBX 498.60. QinetiQ Group shares last traded at GBX 481.40, with a volume of 2,579,900 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Jefferies Financial Group boosted their price target on QinetiQ Group from GBX 520 to GBX 550 and gave the company a “hold” rating in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft raised their target price on shares of QinetiQ Group from GBX 585 to GBX 635 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 550 price target on shares of QinetiQ Group in a report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, QinetiQ Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 576.25.

QinetiQ Group Stock 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 stock has a market cap of £2.66 billion, a P/E ratio of 19.93, a PEG ratio of 1.47 and a beta of 0.48. The stock has a 50-day simple moving average of GBX 464.66 and a 200-day simple moving average of GBX 478.45.

QinetiQ Group (LON:QQ) last posted its 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%. Research analysts forecast that QinetiQ Group plc will post 26.1405108 earnings per share for the current year.

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.