QinetiQ Group (LON:QQ) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of QinetiQ Group plc (LON:QQ) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 478.16 and traded as high as GBX 522. QinetiQ Group shares last traded at GBX 518.50, with a volume of 1,147,661 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 550 price target on shares of QinetiQ Group in a report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft raised their target price on QinetiQ Group from GBX 585 to GBX 635 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Finally, Jefferies Financial Group boosted their price target on shares of QinetiQ Group from GBX 520 to GBX 550 and gave the stock a “hold” rating in a report on Thursday, October 30th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 576.25.

QinetiQ Group Price Performance

The stock has a market cap of £2.87 billion, a P/E ratio of 21.53, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48. The company has a quick ratio of 1.15, a current ratio of 1.35 and a debt-to-equity ratio of 41.96. The business’s 50-day simple moving average is GBX 455.38 and its two-hundred day simple moving average is GBX 478.16.

QinetiQ Group (LON:QQ) last posted its quarterly earnings results on Thursday, November 13th. The company reported GBX 14.20 earnings per share (EPS) for the quarter. QinetiQ Group had a net margin of 7.03% and a return on equity of 14.98%. Sell-side analysts expect that QinetiQ Group plc will post 26.1405108 EPS for the current year.

QinetiQ Group Company Profile

QinetiQ Group plc operates as a science and engineering company in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally. The company operates through EMEA Services and Global Solutions segments. It offers advanced materials and manufacturing products; artificial intelligence, analytics, and advanced computing technologies; cyber and electromagnetic technologies; human protection and performance systems; novel systems, and weapons and effects; platform, and system design and assessment products; power sources, and energy storage and distribution products; robotics and autonomy services; secure communications and navigation systems; and sensing, processing, and data fusion systems.