Insider Buying: QinetiQ Group plc (LON:QQ) Insider Buys 15,000 Shares of Stock
QinetiQ Group plc (LON:QQ) insider Steve Wadey bought 15,000 shares of QinetiQ Group plc stock in a transaction dated Monday, July 24th. The shares were bought at an average cost of GBX 237 ($3.09) per share, for a total transaction of £35,550 ($46,313.18).
Steve Wadey also recently made the following trade(s):
- On Thursday, July 13th, Steve Wadey bought 15,000 shares of QinetiQ Group plc stock. The shares were bought at an average cost of GBX 262 ($3.41) per share, for a total transaction of £39,300 ($51,198.54).
- On Monday, July 10th, Steve Wadey acquired 76 shares of QinetiQ Group plc stock. The shares were acquired at an average cost of GBX 262 ($3.41) per share, for a total transaction of £199.12 ($259.41).
- On Friday, June 9th, Steve Wadey acquired 68 shares of QinetiQ Group plc stock. The shares were acquired at an average cost of GBX 295 ($3.84) per share, for a total transaction of £200.60 ($261.33).
- On Tuesday, May 9th, Steve Wadey acquired 65 shares of QinetiQ Group plc stock. The shares were acquired at an average cost of GBX 306 ($3.99) per share, for a total transaction of £198.90 ($259.12).
QinetiQ Group plc (LON:QQ) remained flat at GBX 237.20 during mid-day trading on Monday. The stock had a trading volume of 3,290,985 shares. The stock has a 50 day moving average of GBX 277.74 and a 200-day moving average of GBX 280.69. The stock’s market capitalization is GBX 1.33 billion. QinetiQ Group plc has a 52 week low of GBX 216.90 and a 52 week high of GBX 322.90.
The firm also recently announced a dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 3rd will be issued a dividend of GBX 4 ($0.05) per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a yield of 1.25%.
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QQ has been the topic of several analyst reports. J P Morgan Chase & Co cut their price target on shares of QinetiQ Group plc from GBX 295 ($3.84) to GBX 290 ($3.78) and set a “neutral” rating on the stock in a report on Thursday. Liberum Capital reiterated a “hold” rating and set a GBX 270 ($3.52) price objective on shares of QinetiQ Group plc in a research note on Wednesday, July 19th. Finally, Goldman Sachs Group, Inc. (The) lowered their price objective on shares of QinetiQ Group plc from GBX 255 ($3.32) to GBX 253 ($3.30) and set a “sell” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. QinetiQ Group plc currently has a consensus rating of “Hold” and an average target price of GBX 269.67 ($3.51).
About QinetiQ Group plc
QinetiQ Group plc is a science and engineering company operating in the defense, security and aerospace markets. The Company’s segments include EMEA Services and Global Products. The EMEA Services segment provides technical assurance, test and evaluation, and training services. It provides research and advice in specialist areas, such as concept of command, control, communications, computers, intelligence, surveillance and reconnaissance, weapons and energetics, cyber security and procurement advisory services.
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