QinetiQ Group plc (LON:QQ - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 410.21 ($5.54) and traded as high as GBX 480 ($6.49). QinetiQ Group shares last traded at GBX 469.60 ($6.35), with a volume of 3,177,721 shares.
Wall Street Analyst Weigh In
QQ has been the subject of several recent research reports. Berenberg Bank decreased their target price on shares of QinetiQ Group from GBX 610 ($8.24) to GBX 500 ($6.76) and set a "buy" rating for the company in a research note on Tuesday, March 18th. Shore Capital reaffirmed a "hold" rating on shares of QinetiQ Group in a research report on Thursday, May 22nd. Finally, Barclays lifted their target price on QinetiQ Group from GBX 535 ($7.23) to GBX 570 ($7.70) and gave the company an "overweight" rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 533.75 ($7.21).
Get Our Latest Stock Analysis on QQ
QinetiQ Group Trading Up 4.9%
The firm has a market cap of £2.70 billion, a PE ratio of 20.25, a PEG ratio of 1.47 and a beta of 0.48. The company has a debt-to-equity ratio of 41.96, a current ratio of 1.35 and a quick ratio of 1.15. The business has a 50-day moving average price of GBX 399.38 and a two-hundred day moving average price of GBX 410.07.
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%. Analysts forecast that QinetiQ Group plc will post 26.1405108 EPS for the current year.
QinetiQ Group Increases Dividend
The company also recently announced 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. This represents a yield of 2.29%. This is a positive change from QinetiQ Group's previous dividend of $2.80. The ex-dividend date was Thursday, April 10th. QinetiQ Group's dividend payout ratio is 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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