QinetiQ Group plc (LON:QQ) insider David Mellors acquired 85 shares of the stock in a transaction that occurred on Monday, October 10th. The shares were bought at an average cost of GBX 235 ($2.91) per share, for a total transaction of £199.75 ($247.22).
QinetiQ Group plc (LON:QQ) opened at 234.60 on Wednesday. The firm’s market capitalization is GBX 1.36 billion. QinetiQ Group plc has a 1-year low of GBX 204.10 and a 1-year high of GBX 275.70. The company’s 50-day moving average is GBX 233.20 and its 200 day moving average is GBX 230.23.
Several analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of QinetiQ Group plc from GBX 245 ($3.03) to GBX 250 ($3.09) and gave the stock a “neutral” rating in a research report on Friday, September 30th. Goldman Sachs Group Inc. restated a “sell” rating and issued a GBX 219 ($2.71) price objective on shares of QinetiQ Group plc in a research note on Sunday, September 11th. Barclays PLC restated an “equal weight” rating and issued a GBX 245 ($3.03) price objective on shares of QinetiQ Group plc in a research note on Friday, September 30th. Canaccord Genuity restated a “buy” rating and issued a GBX 265 ($3.28) price objective on shares of QinetiQ Group plc in a research note on Wednesday, July 20th. Finally, Liberum Capital restated a “hold” rating and issued a GBX 225 ($2.78) price objective on shares of QinetiQ Group plc in a research note on Thursday, September 29th. Two research 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. The stock presently has a consensus rating of “Hold” and an average price target of GBX 239.14 ($2.96).
About QinetiQ Group plc
QinetiQ Group plc provides technology solutions. The Company provides research, innovation, advice, assurance, test and evaluation, engineering solutions and training services. The Company operates in two divisions: EMEA Services and Global Products. It operates in the EMEA Services, Global Products and US Services segments.
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