Insider Buying: QinetiQ Group (LON:QQ) Insider Acquires £150.81 in Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey acquired 33 shares of the business’s stock in a transaction that occurred on Friday, October 9th. The stock was bought at an average cost of GBX 457 per share, for a total transaction of £150.81.

Steve Wadey also recently made the following trade(s):

• On Wednesday, September 30th, Steve Wadey sold 103,945 shares of QinetiQ Group stock. The shares were sold at an average price of GBX 487, for a total value of £506,212.15.
• On Wednesday, September 9th, Steve Wadey bought 32 shares of QinetiQ Group stock. The shares were purchased at an average cost of GBX 473 per share, with a total value of £151.36.
• On Thursday, August 20th, Steve Wadey purchased 145 shares of QinetiQ Group stock. The shares were purchased at an average price of GBX 542 per share, with a total value of £785.90.
• On Monday, August 10th, Steve Wadey purchased 26 shares of QinetiQ Group stock. The shares were purchased at an average price of GBX 561 per share, with a total value of £145.86.

QinetiQ Group Stock Down 2.2%

QinetiQ Group stock opened at GBX 453.80 on Thursday. The firm has a market cap of £2.50 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 1.47 and a beta of 0.33. QinetiQ Group plc has a 52-week low of GBX 292.20 and a 52-week high of GBX 491. The company has a debt-to-equity ratio of 74.20, a quick ratio of 1.15 and a current ratio of 1.13. The firm has a 50 day moving average price of GBX 503.05 and a two-hundred day moving average price of GBX 476.16.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on QQ shares. Jefferies Financial Group reiterated a “hold” rating and set a GBX 487 price objective on shares of QinetiQ Group in a research report on Wednesday, July 1st. Royal Bank Of Canada boosted their target price on shares of QinetiQ Group from GBX 490 to GBX 570 and gave the company a “sector perform” rating in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 600 target price on shares of QinetiQ Group in a report on Wednesday, July 1st. Finally, Berenberg Bank upped their price target on shares of QinetiQ Group from GBX 580 to GBX 610 and gave the company a “buy” rating in a research report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, QinetiQ Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,663.40.

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.