Insider Buying: QinetiQ Group plc (LON:QQ) Insider Purchases £151.47 in Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey bought 33 shares of QinetiQ Group stock in a transaction that occurred on Wednesday, October 9th. The stock was purchased at an average price of GBX 459 ($6.01) per share, with a total value of £151.47 ($198.23).

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

• On Monday, September 9th, Steve Wadey acquired 33 shares of QinetiQ Group stock. The stock was acquired at an average cost of GBX 451 ($5.90) per share, for a total transaction of £148.83 ($194.78).
• On Friday, August 9th, Steve Wadey bought 32 shares of QinetiQ Group stock. The shares were acquired at an average price of GBX 470 ($6.15) per share, with a total value of £150.40 ($196.83).

QinetiQ Group Stock Performance

LON QQ opened at GBX 450.20 ($5.89) on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 42.47. QinetiQ Group plc has a twelve month low of GBX 292.20 ($3.82) and a twelve month high of GBX 491 ($6.43). The stock has a 50-day moving average of GBX 462.92 and a 200 day moving average of GBX 424.96. The stock has a market capitalization of £2.54 billion, a price-to-earnings ratio of 1,875.83, a PEG ratio of 1.47 and a beta of 0.48.

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of QinetiQ Group in a research note on Thursday, July 18th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, QinetiQ Group has a consensus rating of “Moderate Buy” and an average price target of GBX 457.50 ($5.99).

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.