QinetiQ Group (LON:QQ) Stock Price Passes Above 200 Day Moving Average of $291.86

QinetiQ Group plc (LON:QQ) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $291.86 and traded as high as $301.20. QinetiQ Group shares last traded at $298.00, with a volume of 712,161 shares.

Several equities research analysts recently commented on QQ shares. Goldman Sachs Group lowered shares of QinetiQ Group to a “sell” rating and set a GBX 270 ($3.53) price target for the company. in a report on Wednesday, June 5th. Credit Suisse Group lowered shares of QinetiQ Group to a “neutral” rating and cut their price target for the stock from GBX 345 ($4.51) to GBX 325 ($4.25) in a report on Friday, June 28th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 300 ($3.92) price target on shares of QinetiQ Group in a report on Wednesday, July 17th. UBS Group reaffirmed a “sell” rating on shares of QinetiQ Group in a report on Thursday, September 12th. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 325 ($4.25) target price on shares of QinetiQ Group in a report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. QinetiQ Group presently has an average rating of “Hold” and an average target price of GBX 301.43 ($3.94).

The firm has a market cap of $1.70 billion and a PE ratio of 14.90. The stock’s fifty day moving average price is GBX 284.72 and its 200-day moving average price is GBX 291.86. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 1.05.

In other news, insider Steve Wadey sold 71,197 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of GBX 280 ($3.66), for a total transaction of £199,351.60 ($260,488.17). Insiders have bought 247 shares of company stock valued at $69,887 in the last ninety days.

QinetiQ Group Company Profile (LON:QQ)

QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and aerospace markets in the United Kingdom and internationally. The company operates through EMEA Services and Global Products segments. It offers de-risk complex aerospace programs by testing system and equipment, air engineering services, aircraft system integration and upgrades, life aircraft support services, unmanned aircraft systems, human factors integration, aero structures, air traffic management, and aircraft mission systems; smart materials, which include acoustic stealth materials, radio frequency stealth materials, and electro-optic stealth materials; and runway debris detection technology, training to experienced pilots and engineers, and safety and environmental management services.

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