QinetiQ Group plc (LON:QQ - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 410.21 ($5.53) and traded as high as GBX 480 ($6.47). QinetiQ Group shares last traded at GBX 469.60 ($6.33), with a volume of 3,177,721 shares.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Barclays increased their price objective on QinetiQ Group from GBX 535 ($7.21) to GBX 570 ($7.68) and gave the stock an "overweight" rating in a report on Monday, March 3rd. Shore Capital reissued a "hold" rating on shares of QinetiQ Group in a report on Thursday, May 22nd. Finally, Berenberg Bank dropped their price objective on QinetiQ Group from GBX 610 ($8.22) to GBX 500 ($6.74) and set a "buy" rating on the stock in a report on Tuesday, March 18th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, QinetiQ Group currently has a consensus rating of "Moderate Buy" and an average price target of GBX 533.75 ($7.19).
Read Our Latest Report on QQ
QinetiQ Group Trading Up 2.6%
The firm has a fifty day simple moving average of GBX 401.66 and a two-hundred day simple moving average of GBX 410.62. The stock has a market cap of £2.77 billion, a PE ratio of 20.77, a PEG ratio of 1.47 and a beta of 0.48. The company has a current ratio of 1.35, a quick ratio of 1.15 and a debt-to-equity ratio of 41.96.
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) earnings per share for the quarter. QinetiQ Group had a return on equity of 14.98% and a net margin of 7.03%. As a group, equities analysts expect that QinetiQ Group plc will post 26.1405108 earnings per share for the current fiscal year.
QinetiQ Group Increases Dividend
The firm also recently declared a dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, April 10th were issued a GBX 7.72 ($0.10) dividend. The ex-dividend date was Thursday, April 10th. This represents a dividend yield of 2.29%. This is a boost from QinetiQ Group's previous dividend of $2.80. QinetiQ Group's dividend payout ratio (DPR) is presently 33.13%.
About QinetiQ Group
(
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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.
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