QinetiQ Group (LON:QQ) Insider Sells £508,510.86 in Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey sold 118,534 shares of QinetiQ Group stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of GBX 429, for a total value of £508,510.86.

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

• On Tuesday, June 9th, Steve Wadey bought 31 shares of QinetiQ Group stock. The stock was acquired at an average cost of GBX 479 per share, for a total transaction of £148.49.
• On Monday, May 11th, Steve Wadey acquired 36 shares of QinetiQ Group stock. The shares were acquired at an average price of GBX 415 per share, with a total value of £149.40.
• On Thursday, April 9th, Steve Wadey bought 31 shares of QinetiQ Group stock. The stock was acquired at an average price of GBX 486 per share, for a total transaction of £150.66.

QinetiQ Group Price Performance

LON QQ traded down GBX 0.20 during trading on Wednesday, hitting GBX 428.80. 2,655,429 shares of the company’s stock were exchanged, compared to its average volume of 88,555. The stock’s 50 day moving average price is GBX 456.51 and its two-hundred day moving average price is GBX 471.95. QinetiQ Group plc has a fifty-two week low of GBX 292.20 and a fifty-two week high of GBX 491. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 74.20. The company has a market cap of £2.37 billion, a PE ratio of 17.76, a P/E/G ratio of 1.47 and a beta of 0.32.

QinetiQ Group (LON:QQ) last issued its quarterly earnings data on Thursday, May 21st. The company reported GBX 31.50 EPS for the quarter. The business had revenue of GBX 192.26 billion during the quarter. QinetiQ Group had a net margin of 5.59% and a return on equity of 19.34%. Research analysts expect that QinetiQ Group plc will post 26.1405108 EPS for the current year.

QinetiQ Group declared that its Board of Directors has initiated a share repurchase program on Wednesday, March 25th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Separately, Citigroup increased their price target on QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, QinetiQ Group has an average rating of “Moderate Buy” and an average price target of GBX 1,946.25.

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.