QinetiQ Group’s (QQ) “Buy” Rating Reaffirmed at Shore Capital

Shore Capital reaffirmed their buy rating on shares of QinetiQ Group (LON:QQ) in a research note published on Tuesday, Marketbeat reports.

QinetiQ Group Stock Performance

Shares of QQ stock opened at GBX 455.60 ($5.95) on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 42.47. The company has a 50 day moving average price of GBX 462.13 and a 200-day moving average price of GBX 426.25. QinetiQ Group has a 52 week low of GBX 292.20 ($3.82) and a 52 week high of GBX 491 ($6.41). The firm has a market capitalization of £2.57 billion, a PE ratio of 1,895.83, a P/E/G ratio of 1.47 and a beta of 0.48.

Insider Activity

In other news, insider Ross McEwan CBE bought 20,000 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was bought at an average price of GBX 475 ($6.20) per share, with a total value of £95,000 ($124,053.28). Insiders have purchased a total of 20,098 shares of company stock valued at $9,545,070 in the last ninety days. Corporate insiders own 12.14% of the company’s stock.

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.