QinetiQ Group (LON:QQ) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of QinetiQ Group plc (LON:QQ) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 480.43 and traded as high as GBX 513.50. QinetiQ Group shares last traded at GBX 505, with a volume of 550,378 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of QinetiQ Group from GBX 585 to GBX 635 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 550 price target on shares of QinetiQ Group in a research report on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, QinetiQ Group presently has an average rating of “Moderate Buy” and an average price target of GBX 578.33.

QinetiQ Group Trading Down 0.4%

The firm’s fifty day moving average price is GBX 503.28 and its 200-day moving average price is GBX 480.43. The firm has a market cap of £2.78 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 1.47 and a beta of 0.27.

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.