QinetiQ Group (LON:QQ) Insider Sells 118,534 Shares of Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey sold 118,534 shares of QinetiQ Group stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of GBX 429, for a total transaction of £508,510.86.

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

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

QinetiQ Group Trading Down 0.0%

QinetiQ Group stock traded down GBX 0.20 during trading on Wednesday, hitting GBX 428.80. The company’s stock had a trading volume of 2,655,429 shares, compared to its average volume of 88,555. The stock’s fifty day moving average is GBX 456.51 and its 200 day moving average is GBX 471.95. QinetiQ Group plc has a 1-year low of GBX 292.20 and a 1-year high of GBX 491. The stock has a market capitalization of £2.37 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 1.47 and a beta of 0.32. The company has a debt-to-equity ratio of 74.20, a quick ratio of 1.15 and a current ratio of 1.13.

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

QinetiQ Group announced that its Board of Directors has approved a stock repurchase plan on Wednesday, March 25th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, Citigroup upped their price target on QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, QinetiQ Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,946.25.

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.