QinetiQ Group (LON:QQ) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

QinetiQ Group plc (LON:QQ - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 412.91 ($5.49) and traded as high as GBX 416.80 ($5.54). QinetiQ Group shares last traded at GBX 416.80 ($5.54), with a volume of 2,217,621 shares traded.

Analyst Upgrades and Downgrades

QQ has been the topic of a number of recent analyst reports. Shore Capital reissued a "buy" rating on shares of QinetiQ Group in a research report on Monday, March 17th. Berenberg Bank cut their target price on shares of QinetiQ Group from GBX 610 ($8.11) to GBX 500 ($6.65) and set a "buy" rating for the company in a research report on Tuesday, March 18th. Finally, Barclays raised their price target on QinetiQ Group from GBX 535 ($7.11) to GBX 570 ($7.58) and gave the company an "overweight" rating in a research report on Monday, March 3rd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of GBX 533.75 ($7.10).

QinetiQ Group Stock Down 0.2 %

The firm has a 50 day moving average of GBX 410.31 and a 200-day moving average of GBX 412.91. 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 stock has a market capitalization of £2.29 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48.

QinetiQ Group Increases Dividend

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

QinetiQ Group Company Profile

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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