QinetiQ Group plc (LON:QQ - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 419.66 ($5.63) and traded as high as GBX 510.90 ($6.86). QinetiQ Group shares last traded at GBX 508.50 ($6.82), with a volume of 1,552,265 shares trading hands.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on QQ. Shore Capital reissued a "hold" rating on shares of QinetiQ Group in a research note on Thursday, May 22nd. Barclays increased their price target on shares of QinetiQ Group from GBX 535 ($7.18) to GBX 570 ($7.65) and gave the stock an "overweight" rating in a research note on Monday, March 3rd. Finally, Berenberg Bank increased their price target on shares of QinetiQ Group from GBX 500 ($6.71) to GBX 570 ($7.65) and gave the stock a "buy" rating in a research note on Monday, June 2nd.
View Our Latest Stock Report on QQ
QinetiQ Group Trading Down 0.8%
The stock's fifty day moving average price is GBX 444.05 and its 200 day moving average price is GBX 419.66. The company has a quick ratio of 1.15, a current ratio of 1.35 and a debt-to-equity ratio of 41.96. The stock has a market cap of £2.81 billion, a PE ratio of 21.06, a PEG ratio of 1.47 and a beta of 0.48.
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 net margin of 7.03% and a return on equity of 14.98%. On average, sell-side analysts forecast that QinetiQ Group plc will post 26.1405108 EPS for the current year.
QinetiQ Group Increases Dividend
The business also recently announced a dividend, which was paid on Monday, April 14th. Investors of record on Thursday, April 10th were issued a GBX 7.72 ($0.10) dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a yield of 2.29%. This is a boost from QinetiQ Group's previous dividend of $2.80. QinetiQ Group's dividend payout ratio (DPR) is currently 33.13%.
Insider Buying and Selling
In related news, insider Steve Wadey sold 75,060 shares of the company's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of GBX 517 ($6.94), for a total transaction of £388,060.20 ($520,746.38). 12.14% of the stock is currently owned by corporate insiders.
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.
Further Reading
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