Insider Buying: QinetiQ Group plc (LON:QQ) Insider Acquires £196.95 in Stock

QinetiQ Group plc (LON:QQ) insider David Smith bought 65 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was bought at an average price of GBX 303 ($3.96) per share, for a total transaction of £196.95 ($257.35).

David Smith also recently made the following trade(s):

  • On Monday, September 9th, David Smith purchased 71 shares of QinetiQ Group stock. The shares were acquired at an average price of GBX 287 ($3.75) per share, for a total transaction of £203.77 ($266.26).
  • On Friday, August 30th, David Smith purchased 33 shares of QinetiQ Group stock. The shares were acquired at an average price of GBX 287 ($3.75) per share, for a total transaction of GBX 9,471 ($123.76).
  • On Friday, August 9th, David Smith bought 71 shares of QinetiQ Group stock. The stock was purchased at an average price of GBX 281 ($3.67) per share, for a total transaction of £199.51 ($260.70).

QinetiQ Group stock opened at GBX 311.40 ($4.07) on Friday. QinetiQ Group plc has a 12-month low of GBX 265 ($3.46) and a 12-month high of GBX 324.40 ($4.24). The stock has a market capitalization of $1.77 billion and a P/E ratio of 15.57. The firm’s 50-day moving average is GBX 293.82 and its two-hundred day moving average is GBX 290.91. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 1.05.

QQ has been the topic of a number of research analyst reports. Barclays reissued an “overweight” rating and issued a GBX 325 ($4.25) price target on shares of QinetiQ Group in a research note on Monday, September 9th. Berenberg Bank raised shares of QinetiQ Group to a “buy” rating and upped their target price for the stock from GBX 320 ($4.18) to GBX 340 ($4.44) in a research note on Tuesday, July 30th. UBS Group reiterated a “sell” rating and set a GBX 240 ($3.14) price target on shares of QinetiQ Group in a report on Thursday, October 3rd. Credit Suisse Group cut shares of QinetiQ Group to a “neutral” rating and lowered their price target for the stock from GBX 345 ($4.51) to GBX 325 ($4.25) in a report on Friday, June 28th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 300 ($3.92) target price on shares of QinetiQ Group in a report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. QinetiQ Group presently has a consensus rating of “Hold” and a consensus target price of GBX 301.43 ($3.94).

QinetiQ Group Company Profile

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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Insider Buying and Selling by Quarter for QinetiQ Group (LON:QQ)

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