QinetiQ Group (LON:QQ) Stock Crosses Above 200 Day Moving Average – Should You Sell?

QinetiQ Group plc (LON:QQ) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 479.93 and traded as high as GBX 504.01. QinetiQ Group shares last traded at GBX 497.40, with a volume of 1,436,180 shares trading hands.

Analyst Upgrades and Downgrades

QQ has been the topic of several recent analyst reports. Berenberg Bank reissued a “buy” rating and set a GBX 570 target price on shares of QinetiQ Group in a research report on Thursday, July 17th. Shore Capital reissued a “hold” rating on shares of QinetiQ Group in a research report on Thursday, July 17th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 558.33.

QinetiQ Group Stock Performance

The company’s 50 day moving average price is GBX 497.86 and its 200-day moving average price is GBX 479.93. The company has a debt-to-equity ratio of 41.96, a quick ratio of 1.15 and a current ratio of 1.35. The company has a market cap of £2.73 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48.

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.