Regency View:

TAKE PROFITS QinetiQ (QQ.)

Close QinetiQ (QQ.) at 452.6p

QinetiQ has been a star performer for our FTSE Investor portfolio and we snapped up two tranches of the stock against a backdrop of rising geopolitical tension.

Whilst QinetiQ’s tailwinds remain very much in place, there is now a significant level of expectation baked into the stock as indicated by a forward PE ratio of 14.

With the shares riding high, we are going to take profits into this strength.  

Profit tranche 1 = +27.9% (inc dividends)

Profit tranche 2 = +40.8% (inc dividends)

QQ. Daily Candle Chart