QinetiQ Group (LON:QQ) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

QinetiQ Group plc (LON:QQ) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 478.16 and traded as high as GBX 522. QinetiQ Group shares last traded at GBX 518.50, with a volume of 1,147,661 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of QinetiQ Group from GBX 520 to GBX 550 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft increased their price target on QinetiQ Group from GBX 585 to GBX 635 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 550 price objective on shares of QinetiQ Group in a research note on Tuesday, January 20th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, QinetiQ Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 576.25.

QinetiQ Group Trading Up 0.3%

The company has a market capitalization of £2.87 billion, a P/E ratio of 21.53, a PEG ratio of 1.47 and a beta of 0.48. The business has a fifty day moving average of GBX 455.38 and a 200-day moving average of GBX 478.16. The company has a debt-to-equity ratio of 41.96, a quick ratio of 1.15 and a current ratio of 1.35.

QinetiQ Group (LON:QQ) last released its quarterly earnings data on Thursday, November 13th. The company reported GBX 14.20 earnings per share for the quarter. QinetiQ Group had a net margin of 7.03% and a return on equity of 14.98%. Analysts anticipate that QinetiQ Group plc will post 26.1405108 earnings per share for the current fiscal year.

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.