QinetiQ Group (LON:QQ) Stock Crosses Above 200-Day Moving Average – Here’s Why

QinetiQ Group plc (LON:QQ) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 480.43 and traded as high as GBX 513.50. QinetiQ Group shares last traded at GBX 505, with a volume of 550,378 shares traded.

Wall Street Analysts Forecast Growth

QQ has been the subject of several research analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 550 price objective on shares of QinetiQ Group in a report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of QinetiQ Group from GBX 585 to GBX 635 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, QinetiQ Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 578.33.

QinetiQ Group Trading Down 0.4%

The company has a 50 day moving average price of GBX 503.28 and a 200 day moving average price of GBX 480.43. The firm has a market cap of £2.78 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 1.47 and a beta of 0.27.

About QinetiQ Group

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.