QinetiQ Group (LON:QQ) Share Price Crosses Above 200 Day Moving Average – What’s Next?

by · The Markets Daily

QinetiQ Group plc (LON:QQ – Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 478.91 and traded as high as GBX 513. QinetiQ Group shares last traded at GBX 509, with a volume of 1,176,411 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on QQ shares. Berenberg Bank reissued a “buy” rating and issued a GBX 550 price objective on shares of QinetiQ Group in a research report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft upped their price target 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 investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, QinetiQ Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 578.33.

Read Our Latest Stock Report on QinetiQ Group

QinetiQ Group Stock Performance

The stock’s fifty day simple moving average is GBX 493.18 and its 200-day simple moving average is GBX 478.91. The stock has a market cap of £2.71 billion, a P/E ratio of 20.32, a P/E/G ratio of 1.47 and a beta of 0.27.

QinetiQ Group Company Profile

(Get Free Report)

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.

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