QinetiQ Group plc (LON:QQ - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 411.08 ($5.47) and traded as high as GBX 425.40 ($5.66). QinetiQ Group shares last traded at GBX 422 ($5.62), with a volume of 1,514,329 shares changing hands.
Analysts Set New Price Targets
Several brokerages have recently commented on QQ. Berenberg Bank reduced their target price on shares of QinetiQ Group from GBX 610 ($8.12) to GBX 500 ($6.65) and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Barclays boosted their target price on shares of QinetiQ Group from GBX 535 ($7.12) to GBX 570 ($7.59) and gave the company an "overweight" rating in a research note on Monday, March 3rd. Finally, Shore Capital reaffirmed a "buy" rating on shares of QinetiQ Group in a report on Monday, March 17th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, QinetiQ Group has a consensus rating of "Buy" and an average price target of GBX 533.75 ($7.10).
Check Out Our Latest Stock Report on QQ
QinetiQ Group Price Performance
The company has a market capitalization of £2.33 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48. The company has a 50-day moving average price of GBX 403.63 and a 200-day moving average price of GBX 411.08. 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 firm also recently disclosed 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. The ex-dividend date was Thursday, April 10th. This is a positive change from QinetiQ Group's previous dividend of $2.80. This represents a dividend yield of 2.29%. QinetiQ Group's payout ratio is currently 33.13%.
About QinetiQ Group
(
Get Free Report)
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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