Steve Wadey Acquires 42 Shares of QinetiQ Group plc (LON:QQ) Stock

QinetiQ Group plc (LON:QQ - Get Free Report) insider Steve Wadey bought 42 shares of the firm's stock in a transaction that occurred on Tuesday, April 9th. The shares were purchased at an average price of GBX 355 ($4.49) per share, for a total transaction of £149.10 ($188.71).

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

• On Friday, February 9th, Steve Wadey bought 41 shares of QinetiQ Group stock. The shares were purchased at an average price of GBX 367 ($4.64) per share, for a total transaction of £150.47 ($190.44).

QinetiQ Group Stock Down 3.8 %

Shares of QinetiQ Group stock traded down GBX 13.60 ($0.17) during trading on Wednesday, reaching GBX 349 ($4.42). The company's stock had a trading volume of 1,749,596 shares, compared to its average volume of 88,555. The firm's 50 day moving average price is GBX 365.17 and its 200-day moving average price is GBX 337.40. The firm has a market capitalization of £2.00 billion, a price-to-earnings ratio of 1,938.89, a PEG ratio of 1.47 and a beta of 0.38. The company has a debt-to-equity ratio of 39.57, a quick ratio of 1.15 and a current ratio of 1.24.

QinetiQ Group Cuts Dividend

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

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upped their target price on shares of QinetiQ Group from GBX 440 ($5.57) to GBX 445 ($5.63) and gave the stock a "buy" rating in a research report on Monday, January 22nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, QinetiQ Group has a consensus rating of "Moderate Buy" and an average target price of GBX 443.40 ($5.61).

About QinetiQ Group

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.