Steve Wadey Purchases 31 Shares of QinetiQ Group plc (LON:QQ) Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey bought 31 shares of the stock in a transaction dated Monday, August 11th. The shares were acquired at an average cost of GBX 484 ($6.55) per share, for a total transaction of £150.04 ($203.00).

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

• On Friday, July 11th, Steve Wadey purchased 31 shares of QinetiQ Group stock. The stock was acquired at an average price of GBX 491 ($6.64) per share, with a total value of £152.21 ($205.94).
• On Wednesday, June 11th, Steve Wadey sold 75,060 shares of QinetiQ Group stock. The stock was sold at an average price of GBX 517 ($6.99), for a total value of £388,060.20 ($525,044.24).
• On Tuesday, June 10th, Steve Wadey acquired 27 shares of QinetiQ Group stock. The shares were bought at an average price of GBX 548 ($7.41) per share, for a total transaction of £147.96 ($200.19).

QinetiQ Group Stock Performance

LON QQ opened at GBX 480 ($6.49) on Friday. The firm’s 50 day simple moving average is GBX 501.85 and its 200 day simple moving average is GBX 444.05. The firm has a market capitalization of £2.65 billion, a price-to-earnings ratio of 19.88, a P/E/G ratio of 1.47 and a beta of 0.48. 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 1 year low of GBX 292.20 ($3.95) and a 1 year high of GBX 491 ($6.64).

QinetiQ Group (LON:QQ) last released its earnings results on Thursday, May 22nd. The company reported GBX 26.10 ($0.35) earnings per share for the quarter. QinetiQ Group had a return on equity of 14.98% and a net margin of 7.03%. As a group, research analysts expect that QinetiQ Group plc will post 26.1405108 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 570 ($7.71) target price on shares of QinetiQ Group in a research report on Thursday, July 17th. Shore Capital reaffirmed a “hold” rating on shares of QinetiQ Group in a research report on Thursday, July 17th.

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.