QinetiQ Group (LON:QQ) Shares Cross Above 200-Day Moving Average – What’s Next?

QinetiQ Group plc (LON:QQ) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 477.36 and traded as high as GBX 503. QinetiQ Group shares last traded at GBX 498.40, with a volume of 847,580 shares traded.

Wall Street Analyst Weigh In

QQ has been the topic of a number of research analyst reports. Jefferies Financial Group upped their price target on QinetiQ Group from GBX 520 to GBX 550 and gave the company a “hold” rating in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft boosted their target price on QinetiQ Group from GBX 585 to GBX 635 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 550 target price on shares of QinetiQ Group in a research note on Tuesday, January 20th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 576.25.

QinetiQ Group Trading Up 0.0%

The company has a market capitalization of £2.75 billion, a P/E ratio of 20.65, a PEG ratio of 1.47 and a beta of 0.48. 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 stock has a fifty day moving average of GBX 476.08 and a 200 day moving average of GBX 477.36.

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.