Insider Buying: QinetiQ Group plc (LON:QQ) Insider Purchases 27 Shares of Stock

QinetiQ Group plc (LON:QQ - Get Free Report) insider Steve Wadey acquired 27 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The shares were bought at an average price of GBX 548 ($7.43) per share, for a total transaction of £147.96 ($200.57).

Steve Wadey also recently made the following trade(s):

• On Friday, May 9th, Steve Wadey acquired 35 shares of QinetiQ Group stock. The shares were purchased at an average cost of GBX 428 ($5.80) per share, with a total value of £149.80 ($203.06).

QinetiQ Group Stock Performance

Shares of LON QQ traded up GBX 3 ($0.04) during trading hours on Thursday, reaching GBX 516 ($6.99). 2,469,900 shares of the stock were exchanged, compared to its average volume of 88,555. The firm has a market capitalization of £2.85 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 1.47 and a beta of 0.48. The stock's fifty day simple moving average is GBX 429.66 and its 200 day simple moving average is GBX 416.74. The company has a debt-to-equity ratio of 41.96, a quick ratio of 1.15 and a current ratio of 1.35. QinetiQ Group plc has a 52 week low of GBX 292.20 ($3.96) and a 52 week high of GBX 491 ($6.66).

QinetiQ Group (LON:QQ - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The company reported GBX 26.10 ($0.35) EPS for the quarter. QinetiQ Group had a net margin of 7.03% and a return on equity of 14.98%. Sell-side analysts predict that QinetiQ Group plc will post 26.1405108 EPS for the current year.

QinetiQ Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, April 10th were paid a dividend of GBX 7.72 ($0.10) per share. This represents a yield of 2.29%. This is an increase from QinetiQ Group's previous dividend of $2.80. The ex-dividend date of this dividend was Thursday, April 10th. QinetiQ Group's dividend payout ratio is presently 33.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Shore Capital reiterated a "hold" rating on shares of QinetiQ Group in a research note on Thursday, May 22nd. Berenberg Bank raised their price objective on QinetiQ Group from GBX 500 ($6.78) to GBX 570 ($7.73) and gave the company a "buy" rating in a report on Monday, June 2nd. Finally, Barclays upped their target price on QinetiQ Group from GBX 535 ($7.25) to GBX 570 ($7.73) and gave the stock an "overweight" rating in a report on Monday, March 3rd.

QinetiQ Group Company Profile

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.