QinetiQ Group plc (LON:QQ) Insider Sells £388,060.20 in Stock

QinetiQ Group plc (LON:QQ - Get Free Report) insider Steve Wadey sold 75,060 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of GBX 517 ($7.04), for a total value of £388,060.20 ($528,332.47).

Steve Wadey also recently made the following trade(s):

• On Tuesday, June 10th, Steve Wadey purchased 27 shares of QinetiQ Group stock. The stock was acquired at an average price of GBX 548 ($7.46) per share, with a total value of £147.96 ($201.44).
• On Friday, May 9th, Steve Wadey acquired 35 shares of QinetiQ Group stock. The shares were bought at an average price of GBX 428 ($5.83) per share, for a total transaction of £149.80 ($203.95).

QinetiQ Group Price Performance

Shares of LON QQ traded down GBX 11 ($0.15) during mid-day trading on Friday, hitting GBX 505 ($6.88). 1,619,437 shares of the company's stock traded hands, compared to its average volume of 88,555. The company has a debt-to-equity ratio of 41.96, a current ratio of 1.35 and a quick ratio of 1.15. QinetiQ Group plc has a 1 year low of GBX 292.20 ($3.98) and a 1 year high of GBX 491 ($6.68). The company's 50-day moving average is GBX 432.43 and its two-hundred day moving average is GBX 417.32. The company has a market capitalization of £2.79 billion, a P/E ratio of 20.91, a PEG ratio of 1.47 and a beta of 0.48.

QinetiQ Group (LON:QQ - Get Free Report) last announced its earnings results on Thursday, May 22nd. The company reported GBX 26.10 ($0.36) EPS for the quarter. QinetiQ Group had a return on equity of 14.98% and a net margin of 7.03%. On average, equities analysts anticipate that QinetiQ Group plc will post 26.1405108 EPS for the current fiscal year.

QinetiQ Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, April 10th were paid a GBX 7.72 ($0.11) dividend. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is presently 33.13%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Barclays raised their target price on shares of QinetiQ Group from GBX 535 ($7.28) to GBX 570 ($7.76) and gave the company an "overweight" rating in a research note on Monday, March 3rd. Shore Capital reissued a "hold" rating on shares of QinetiQ Group in a report on Thursday, May 22nd. Finally, Berenberg Bank lifted their target price on QinetiQ Group from GBX 500 ($6.81) to GBX 570 ($7.76) and gave the stock a "buy" rating in a report on Monday, June 2nd.

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.