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

QinetiQ Group plc (LON:QQ) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 477.36 and traded as high as GBX 503. QinetiQ Group shares last traded at GBX 498.40, with a volume of 847,580 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 550 target price on shares of QinetiQ Group in a research note on Tuesday, January 20th. Jefferies Financial Group increased their price objective on shares of QinetiQ Group from GBX 520 to GBX 550 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft boosted 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. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 576.25.

QinetiQ Group Trading Up 0.0%

The company’s 50 day simple moving average is GBX 476.08 and its two-hundred day simple moving average is GBX 477.36. 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 company has a market capitalization of £2.75 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 1.47 and a beta of 0.48.

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.