QinetiQ Group plc’s share price has exceeded its 200-day moving average, reaching a high of GBX 466.40 ($6.25) during Wednesday’s trading session. The stock, which has a 200-day moving average of GBX 417.10 ($5.59), last traded at GBX 449.40 ($6.02) with a volume of 587,520 shares changing hands.
Several equities research analysts have recently issued reports on QinetiQ Group. Shore Capital reaffirmed a “buy” rating, while Citigroup also maintained a “buy” rating and set a price target of GBX 530 ($7.10) for the stock. One analyst has assigned a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 457.50 ($6.13).
In insider activity, Ross McEwan CBE, an insider at QinetiQ Group, acquired 20,000 shares of the company’s stock at an average cost of GBX 475 ($6.36) per share, totaling £95,000 ($127,209.43). Additionally, Steve Wadey, another insider, sold 155,335 shares of QinetiQ Group stock at an average price of GBX 442 ($5.92), amounting to £686,580.70 ($919,363.55). Over the past ninety days, insiders have purchased 20,098 shares valued at $9,545,004, representing 12.10% ownership of the stock.
QinetiQ Group plc operates as a science and engineering company in the defense, security, and infrastructure markets across the UK, US, Australia, and other international locations. The company offers a range of products and services, including advanced materials, artificial intelligence, cyber and electromagnetic technologies, robotics, secure communications, and sensing systems.