QinetiQ Group (LON:QQ) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Shares of QinetiQ Group plc (LON:QQ - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 415.14 ($5.63) and traded as high as GBX 577.90 ($7.83). QinetiQ Group shares last traded at GBX 550.50 ($7.46), with a volume of 2,295,420 shares traded.

Analysts Set New Price Targets

QQ has been the topic of a number of research reports. Barclays raised their price target on shares of QinetiQ Group from GBX 535 ($7.25) to GBX 570 ($7.72) and gave the company an "overweight" rating in a research note on Monday, March 3rd. Berenberg Bank raised their target price on QinetiQ Group from GBX 500 ($6.78) to GBX 570 ($7.72) and gave the company a "buy" rating in a research report on Monday, June 2nd. Finally, Shore Capital reaffirmed a "hold" rating on shares of QinetiQ Group in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 551.25 ($7.47).

QinetiQ Group Stock Performance

The stock has a 50-day moving average of GBX 423.97 and a 200 day moving average of GBX 415.14. The stock has a market cap of £3.04 billion, a PE ratio of 22.78, a P/E/G 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 (LON:QQ - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported GBX 26.10 ($0.35) EPS for the quarter. QinetiQ Group had a return on equity of 14.98% and a net margin of 7.03%. Equities analysts predict that QinetiQ Group plc will post 26.1405108 EPS for the current fiscal year.

QinetiQ Group Increases Dividend

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