QinetiQ Group (LON:QQ) Stock Price Breaks Above 200 Day Moving Average – Here’s What Happened

Shares of QinetiQ Group plc (LON:QQ) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 478.45 and traded as high as GBX 492.60. QinetiQ Group shares last traded at GBX 489.20, with a volume of 575,221 shares.

Analyst Ratings Changes

A number of analysts recently commented on the company. 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. Citigroup raised their target price on 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. Berenberg Bank boosted their price target on QinetiQ Group from GBX 580 to GBX 610 and gave the company a “buy” rating in a research note on Monday, August 3rd. Royal Bank Of Canada increased their price objective on shares of QinetiQ Group from GBX 490 to GBX 570 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 600 price objective on shares of QinetiQ Group in a report on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,663.40.

QinetiQ Group Trading Up 0.0%

The company has a market capitalization of £2.67 billion, a P/E ratio of 20.02, a PEG ratio of 1.47 and a beta of 0.33. 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 stock has a fifty day moving average of GBX 509.97 and a 200 day moving average of GBX 478.23.

Insider Activity

In other news, insider Steven L. Mogford acquired 9,092 shares of QinetiQ Group stock in a transaction dated Thursday, August 6th. The stock was purchased at an average cost of GBX 546 per share, with a total value of £49,642.32. Also, insider Steve Wadey bought 145 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average cost of GBX 542 per share, with a total value of £785.90. Insiders bought 9,328 shares of company stock worth $5,087,823 in the last ninety days. Corporate insiders own 12.14% of the company’s stock.

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.