QinetiQ Group (LON:QQ) Insider Purchases £150.66 in Stock

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

QinetiQ Group Price Performance

QQ stock traded up GBX 15.50 during mid-day trading on Monday, hitting GBX 500.50. The company had a trading volume of 1,738,022 shares, compared to its average volume of 88,555. 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 has a market capitalization of £2.76 billion, a price-to-earnings ratio of 20.73, a P/E/G ratio of 1.47 and a beta of 0.48. QinetiQ Group plc has a 12-month low of GBX 292.20 and a 12-month high of GBX 491. The company has a 50-day moving average price of GBX 439.92 and a 200 day moving average price of GBX 476.55.

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

Wall Street Analyst Weigh In

QQ has been the subject of a number of research analyst reports. Berenberg Bank dropped their price target on QinetiQ Group from GBX 570 to GBX 550 and set a “buy” rating for the company in a research report on Friday, November 14th. Jefferies Financial Group raised their target price on shares of QinetiQ Group from GBX 520 to GBX 550 and gave the company a “hold” rating in a research note on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.