QinetiQ Group (LON:QQ) Stock Price Crosses Above 200-Day Moving Average of $408.36

QinetiQ Group plc (LON:QQ) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 408.36 ($5.37) and traded as high as GBX 472.78 ($6.22). QinetiQ Group shares last traded at GBX 463.80 ($6.10), with a volume of 564,929 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on QQ. Shore Capital restated a “buy” rating on shares of QinetiQ Group in a research note on Thursday, July 18th. Citigroup restated a “buy” rating and issued a GBX 530 ($6.97) target price on shares of QinetiQ Group in a research note on Tuesday, June 11th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 457.50 ($6.02).

QinetiQ Group Price Performance

The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 42.47. The stock has a market capitalization of £2.63 billion, a price-to-earnings ratio of 1,933.33, a PEG ratio of 1.47 and a beta of 0.48. The stock has a 50-day moving average price of GBX 465.29 and a 200 day moving average price of GBX 409.69.

Insider Buying and Selling

In other QinetiQ Group news, insider Steve Wadey sold 155,335 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of GBX 442 ($5.81), for a total value of £686,580.70 ($902,801.71). In other QinetiQ Group news, insider Steve Wadey sold 155,335 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of GBX 442 ($5.81), for a total value of £686,580.70 ($902,801.71). Also, insider Ross McEwan CBE bought 20,000 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was acquired at an average cost of GBX 475 ($6.25) per share, for a total transaction of £95,000 ($124,917.82). In the last three months, insiders have bought 20,097 shares of company stock worth $9,544,745. Insiders own 12.08% of the company’s stock.

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.