QinetiQ Group (LON:QQ) Stock Passes Above 200 Day Moving Average – Here’s What Happened

QinetiQ Group plc (LON:QQGet Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 478.02 and traded as high as GBX 509.50. QinetiQ Group shares last traded at GBX 507, with a volume of 897,192 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently commented on QQ. Berenberg Bank reaffirmed a “buy” rating and set a GBX 550 target price on shares of QinetiQ Group in a report on Tuesday, January 20th. Jefferies Financial Group raised their price target on shares of QinetiQ Group from GBX 520 to GBX 550 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective 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. 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, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 576.25.

Read Our Latest Research Report on QinetiQ Group

QinetiQ Group Trading Up 0.1%

The company has a quick ratio of 1.15, a current ratio of 1.35 and a debt-to-equity ratio of 41.96. The company’s 50-day moving average is GBX 485.56 and its 200 day moving average is GBX 478.02. The company has a market cap of £2.80 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48.

About QinetiQ Group

(Get Free Report)

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.

Further Reading

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