Brokerages Set QinetiQ Group plc (LON:QQ) Price Target at GBX 443.40

Shares of QinetiQ Group plc (LON:QQ - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 443.40 ($5.48).

Several equities research analysts recently issued reports on QQ shares. Berenberg Bank boosted their price target on QinetiQ Group from GBX 440 ($5.43) to GBX 445 ($5.50) and gave the company a "buy" rating in a research note on Monday, January 22nd. Shore Capital restated a "buy" rating on shares of QinetiQ Group in a research report on Monday, April 22nd.

QinetiQ Group Price Performance

Shares of QQ stock traded up GBX 1.40 ($0.02) during trading on Friday, hitting GBX 342.60 ($4.23). The company had a trading volume of 1,412,104 shares, compared to its average volume of 88,555. The company has a debt-to-equity ratio of 39.57, a quick ratio of 1.15 and a current ratio of 1.24. The firm has a market capitalization of £1.97 billion, a P/E ratio of 1,903.33, a price-to-earnings-growth ratio of 1.47 and a beta of 0.38. The stock's 50-day moving average price is GBX 360.16 and its 200 day moving average price is GBX 339.79. QinetiQ Group has a one year low of GBX 292.20 ($3.61) and a one year high of GBX 382.40 ($4.72).

QinetiQ Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 2nd. Stockholders of record on Thursday, January 4th were issued a dividend of GBX 2.60 ($0.03) per share. The ex-dividend date of this dividend was Thursday, January 4th. This represents a dividend yield of 0.74%. QinetiQ Group's dividend payout ratio (DPR) is presently 4,444.44%.

QinetiQ Group Company Profile

QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, Europe, and internationally. The company operates through EMEA Services and Global Products 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.