Insider Buying: QinetiQ Group plc (QQ) Insider Purchases 85 Shares of Stock
QinetiQ Group plc (LON:QQ) insider David Mellors purchased 85 shares of the firm’s stock in a transaction dated Monday, October 10th. The shares were purchased at an average cost of GBX 235 ($2.91) per share, for a total transaction of £199.75 ($247.22).
Shares of QinetiQ Group plc (LON:QQ) traded up 0.13% on Tuesday, reaching GBX 234.90. The company’s stock had a trading volume of 353,084 shares. QinetiQ Group plc has a 1-year low of GBX 204.10 and a 1-year high of GBX 275.70. The stock’s market capitalization is GBX 1.37 billion. The stock has a 50-day moving average of GBX 233.05 and a 200 day moving average of GBX 230.19.
Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on QinetiQ Group plc from GBX 245 ($3.03) to GBX 250 ($3.09) and gave the stock a “neutral” rating in a research note on Friday, September 30th. Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a GBX 219 ($2.71) target price on shares of QinetiQ Group plc in a research note on Sunday, September 11th. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 245 ($3.03) target price on shares of QinetiQ Group plc in a research note on Friday, September 30th. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 265 ($3.28) target price on shares of QinetiQ Group plc in a research note on Wednesday, July 20th. Finally, Liberum Capital reaffirmed a “hold” rating and issued a GBX 225 ($2.78) target price on shares of QinetiQ Group plc in a research note on Thursday, September 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. QinetiQ Group plc presently has a consensus rating of “Hold” and a consensus price target of GBX 239.14 ($2.96).
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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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