QinetiQ Group (LON:QQ) Insider Steve Wadey Purchases 40 Shares of Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey bought 40 shares of QinetiQ Group stock in a transaction dated Monday, February 9th. The stock was purchased at an average cost of GBX 485 per share, with a total value of £194.

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

• On Friday, January 9th, Steve Wadey purchased 31 shares of QinetiQ Group stock. The shares were purchased at an average price of GBX 486 per share, for a total transaction of £150.66.
• On Tuesday, December 9th, Steve Wadey purchased 35 shares of QinetiQ Group stock. The shares were purchased at an average cost of GBX 436 per share, for a total transaction of £152.60.

QinetiQ Group Price Performance

Shares of LON QQ opened at GBX 495.20 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.15 and a debt-to-equity ratio of 41.96. QinetiQ Group plc has a twelve month low of GBX 292.20 and a twelve month high of GBX 491. The stock has a 50 day moving average of GBX 468.66 and a two-hundred day moving average of GBX 477.57. The stock has a market cap of £2.73 billion, a P/E ratio of 20.51, a P/E/G ratio of 1.47 and a beta of 0.48.

QinetiQ Group (LON:QQ) last announced its earnings results on Thursday, November 13th. The company reported GBX 14.20 earnings per share (EPS) for the quarter. QinetiQ Group had a net margin of 7.03% and a return on equity of 14.98%. On average, research analysts forecast that QinetiQ Group plc will post 26.1405108 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 550 price objective on shares of QinetiQ Group in a research note on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft raised 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, Jefferies Financial Group upped their price objective on QinetiQ Group from GBX 520 to GBX 550 and gave the company a “hold” rating in a research note on Thursday, October 30th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 576.25.

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.