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

QinetiQ Group plc (LON:QQ)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 480.54 and traded as high as GBX 485. QinetiQ Group shares last traded at GBX 484, with a volume of 1,440,336 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on QQ shares. Royal Bank Of Canada raised 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. Jefferies Financial Group reiterated a “hold” rating and set a GBX 487 price target on shares of QinetiQ Group in a research note on Wednesday, July 1st. Berenberg Bank boosted their price objective on QinetiQ Group from GBX 580 to GBX 610 and gave the company a “buy” rating in a research note on Monday, August 3rd. Citigroup upped their price objective on shares of QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the company a “buy” rating in a report on Tuesday, June 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 600 target price on shares of QinetiQ Group in a research report 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, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 1,663.40.

QinetiQ Group Trading Up 0.7%

The firm has a 50-day simple moving average of GBX 500.12 and a 200-day simple moving average of GBX 480.54. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 74.20. The stock has a market cap of £2.67 billion, a PE ratio of 20.04, a P/E/G ratio of 1.47 and a beta of 0.33.

Insiders Place Their Bets

In related news, insider Steve Wadey purchased 145 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were purchased at an average cost of GBX 542 per share, for a total transaction of £785.90. Also, insider Steven L. Mogford purchased 9,092 shares of the stock in a transaction dated Thursday, August 6th. The stock was purchased at an average cost of GBX 546 per share, for a total transaction of £49,642.32. Over the last quarter, insiders have purchased 9,327 shares of company stock worth $5,087,536. 12.14% of the stock is currently owned by corporate 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.