Shares of QinetiQ Group plc (LON:QQ - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 411.08 ($5.51) and traded as high as GBX 425.40 ($5.70). QinetiQ Group shares last traded at GBX 422 ($5.65), with a volume of 1,514,329 shares traded.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. Barclays raised their target price on QinetiQ Group from GBX 535 ($7.16) to GBX 570 ($7.63) and gave the stock an "overweight" rating in a research note on Monday, March 3rd. Shore Capital restated a "buy" rating on shares of QinetiQ Group in a research note on Monday, March 17th. Finally, Berenberg Bank reduced their target price on QinetiQ Group from GBX 610 ($8.17) to GBX 500 ($6.70) and set a "buy" rating for the company in a research note on Tuesday, March 18th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, QinetiQ Group has an average rating of "Buy" and a consensus price target of GBX 533.75 ($7.15).
Check Out Our Latest Stock Report on QQ
QinetiQ Group Price Performance
The stock has a 50 day simple moving average of GBX 398.41 and a two-hundred day simple moving average of GBX 410.05. The firm has a market cap of £2.41 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48. The company has a debt-to-equity ratio of 41.96, a quick ratio of 1.15 and a current ratio of 1.35.
QinetiQ Group Increases Dividend
The business also recently disclosed a dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, April 10th were paid a dividend of GBX 7.72 ($0.10) per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a dividend yield of 2.29%. This is a positive change 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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