QinetiQ Group (LON:QQ) Insider Steve Wadey Purchases 31 Shares

QinetiQ Group plc (LON:QQ) insider Steve Wadey acquired 31 shares of QinetiQ Group stock in a transaction that occurred on Thursday, April 9th. The stock was acquired at an average cost of GBX 486 per share, with a total value of £150.66.

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

• On Monday, March 9th, Steve Wadey acquired 30 shares of QinetiQ Group stock. The stock was acquired at an average cost of GBX 511 per share, with a total value of £153.30.
• On Monday, February 9th, Steve Wadey acquired 40 shares of QinetiQ Group stock. The stock was acquired at an average cost of GBX 485 per share, with a total value of £194.

QinetiQ Group Stock Down 2.0%

Shares of LON:QQ opened at GBX 477.10 on Friday. The firm has a 50 day moving average of GBX 491.52 and a 200 day moving average of GBX 478.72. The company has a market capitalization of £2.63 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 1.47 and a beta of 0.35. QinetiQ Group plc has a 52 week low of GBX 292.20 and a 52 week high of GBX 491.

QinetiQ Group announced that its Board of Directors has initiated a share buyback program on Wednesday, March 25th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Berenberg Bank restated a “buy” rating and set a GBX 550 price target on shares of QinetiQ Group in a report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft raised their price target on shares of QinetiQ Group from GBX 585 to GBX 635 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 578.33.

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.