QinetiQ Group's (QQ) Hold Rating Reaffirmed at Shore Capital

Shore Capital reissued their hold rating on shares of QinetiQ Group (LON:QQ - Free Report) in a research note published on Thursday, MarketBeat reports.

A number of other brokerages have also recently commented on QQ. Berenberg Bank reduced their price target on shares of QinetiQ Group from GBX 610 ($8.28) to GBX 500 ($6.78) and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Barclays raised their price target on QinetiQ Group from GBX 535 ($7.26) to GBX 570 ($7.73) and gave the stock an "overweight" rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 533.75 ($7.24).

QinetiQ Group Stock Performance

Shares of LON:QQ traded down GBX 3.40 ($0.05) during midday trading on Thursday, reaching GBX 466.20 ($6.33). 2,070,048 shares of the company traded hands, compared to its average volume of 88,555. The firm's fifty day moving average price is GBX 397.64 and its two-hundred day moving average price is GBX 409.68. The firm has a market capitalization of £2.57 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48. The company has a quick ratio of 1.15, a current ratio of 1.35 and a debt-to-equity ratio of 41.96. QinetiQ Group has a 12 month low of GBX 292.20 ($3.96) and a 12 month high of GBX 491 ($6.66).

QinetiQ Group (LON:QQ - Get Free Report) last posted its earnings results on Thursday, May 22nd. The company reported GBX 26.10 ($0.35) earnings per share for the quarter. QinetiQ Group had a return on equity of 14.98% and a net margin of 7.03%. On average, equities analysts expect that QinetiQ Group will post 26.1405108 earnings per share for the current year.

QinetiQ Group Increases Dividend

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

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.