Steve Wadey Purchases 33 Shares of QinetiQ Group (LON:QQ) Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey acquired 33 shares of QinetiQ Group stock in a transaction that occurred on Thursday, July 9th. The shares were purchased at an average cost of GBX 463 per share, for a total transaction of £152.79.

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

• On Wednesday, July 1st, Steve Wadey sold 37,219 shares of QinetiQ Group stock. The stock was sold at an average price of GBX 435, for a total transaction of £161,902.65.
• On Tuesday, June 23rd, Steve Wadey sold 118,534 shares of QinetiQ Group stock. The stock was sold at an average price of GBX 429, for a total transaction of £508,510.86.
• On Tuesday, June 9th, Steve Wadey purchased 31 shares of QinetiQ Group stock. The stock was acquired at an average price of GBX 479 per share, with a total value of £148.49.
• On Monday, May 11th, Steve Wadey purchased 36 shares of QinetiQ Group stock. The shares were acquired at an average cost of GBX 415 per share, for a total transaction of £149.40.

QinetiQ Group Trading Down 1.1%

Shares of QinetiQ Group stock traded down GBX 5 during trading hours on Friday, reaching GBX 462.60. 1,965,140 shares of the company’s stock were exchanged, compared to its average volume of 88,555. QinetiQ Group plc has a 52-week low of GBX 292.20 and a 52-week high of GBX 491. The company has a fifty day moving average of GBX 450.66 and a 200-day moving average of GBX 473.53. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 74.20. The firm has a market capitalization of £2.55 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 1.47 and a beta of 0.33.

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

QinetiQ Group announced that its board has approved a stock repurchase plan on Wednesday, March 25th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

QQ has been the topic of several research analyst reports. Citigroup raised their target price on shares of QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 600 price target on shares of QinetiQ Group in a report on Wednesday, July 1st. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 487 price objective on shares of QinetiQ Group in a report on Wednesday, July 1st. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.