QinetiQ Group (LON:QQ) Insider Steve Wadey Sells 37,219 Shares

QinetiQ Group plc (LON:QQ) insider Steve Wadey sold 37,219 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of GBX 435, for a total value of £161,902.65.

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

• On Tuesday, June 23rd, Steve Wadey sold 118,534 shares of QinetiQ Group stock. The shares were sold at an average price of GBX 429, for a total transaction of £508,510.86.
• On Tuesday, June 9th, Steve Wadey bought 31 shares of QinetiQ Group stock. The shares were acquired at an average cost of GBX 479 per share, with a total value of £148.49.
• On Monday, May 11th, Steve Wadey bought 36 shares of QinetiQ Group stock. The stock was acquired at an average price of GBX 415 per share, for a total transaction of £149.40.
• On Thursday, April 9th, Steve Wadey acquired 31 shares of QinetiQ Group stock. The shares were bought at an average cost of GBX 486 per share, with a total value of £150.66.

QinetiQ Group Stock Up 5.6%

Shares of LON QQ traded up GBX 23.80 during trading on Thursday, hitting GBX 446.20. The stock had a trading volume of 4,460,920 shares, compared to its average volume of 88,555. The company has a debt-to-equity ratio of 74.20, a current ratio of 1.13 and a quick ratio of 1.15. The company has a market capitalization of £2.46 billion, a PE ratio of 18.48, a PEG ratio of 1.47 and a beta of 0.32. The firm has a fifty day moving average of GBX 449.17 and a two-hundred day moving average of GBX 471.88. QinetiQ Group plc has a 12 month low of GBX 292.20 and a 12 month high of GBX 491.

QinetiQ Group (LON:QQ) last announced its quarterly earnings results on Thursday, May 21st. The company reported GBX 31.50 EPS for the quarter. The company had revenue of GBX 192.26 billion for the quarter. QinetiQ Group had a net margin of 5.59% and a return on equity of 19.34%. As a group, equities research analysts forecast that QinetiQ Group plc will post 26.1405108 EPS for the current fiscal year.

QinetiQ Group announced that its Board of Directors has authorized a share repurchase plan on Wednesday, March 25th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms have weighed in on QQ. Citigroup increased their price objective on QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 600 price target on shares of QinetiQ Group in a research report on Wednesday. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 487 target price on shares of QinetiQ Group in a report on Wednesday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 1,921.75.

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.