QinetiQ Group plc (LON:QQ) Insider Purchases £149.80 in Stock

QinetiQ Group plc (LON:QQ - Get Free Report) insider Steve Wadey bought 35 shares of the stock in a transaction on Friday, May 9th. The shares were acquired at an average cost of GBX 428 ($5.69) per share, for a total transaction of £149.80 ($199.04).

QinetiQ Group Stock Up 0.1%

Shares of LON QQ traded up GBX 0.40 ($0.01) during trading hours on Monday, hitting GBX 426.40 ($5.67). The stock had a trading volume of 2,048,506 shares, compared to its average volume of 88,555. The company has a market capitalization of £2.35 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.47 and a beta of 0.48. The firm's 50-day moving average price is GBX 409.93 and its two-hundred day moving average price is GBX 411.55. QinetiQ Group plc has a 52 week low of GBX 292.20 ($3.88) and a 52 week high of GBX 491 ($6.52). 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 announced a dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, April 10th were paid a GBX 7.72 ($0.10) dividend. The ex-dividend date of this dividend was Thursday, April 10th. This is a boost from QinetiQ Group's previous dividend of $2.80. This represents a yield of 2.29%. QinetiQ Group's payout ratio is 33.13%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Barclays boosted their price objective on shares of QinetiQ Group from GBX 535 ($7.11) to GBX 570 ($7.57) and gave the company an "overweight" rating in a research report on Monday, March 3rd. Shore Capital reissued a "buy" rating on shares of QinetiQ Group in a research note on Monday, March 17th. Finally, Berenberg Bank dropped their price target on shares of QinetiQ Group from GBX 610 ($8.11) to GBX 500 ($6.64) and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 533.75 ($7.09).

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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