QinetiQ Group (LON:QQ) Shares Pass Above 200-Day Moving Average of $328.14

Shares of QinetiQ Group plc (LON:QQ – Get Rating) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 328.14 ($4.02) and traded as high as GBX 396.20 ($4.85). QinetiQ Group shares last traded at GBX 394.20 ($4.83), with a volume of 1,084,310 shares.

Analysts Set New Price Targets

Several research firms recently weighed in on QQ. JPMorgan Chase & Co. lifted their target price on QinetiQ Group from GBX 350 ($4.29) to GBX 355 ($4.35) and gave the company a “neutral” rating in a research report on Friday, May 20th. Barclays reiterated an “overweight” rating and set a GBX 465 ($5.70) target price on shares of QinetiQ Group in a research report on Friday, July 22nd. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 400 ($4.90) price objective on shares of QinetiQ Group in a research report on Thursday, July 21st.

QinetiQ Group Stock Up 1.1 %

The company has a 50 day simple moving average of GBX 369.14 and a two-hundred day simple moving average of GBX 328.14. The company has a quick ratio of 1.17, a current ratio of 1.35 and a debt-to-equity ratio of 2.12. The company has a market capitalization of £2.28 billion and a P/E ratio of 2,628.00.

QinetiQ Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, August 25th. Shareholders of record on Thursday, July 28th will be given a dividend of GBX 5 ($0.06) per share. This represents a dividend yield of 1.37%. The ex-dividend date is Thursday, July 28th. This is a positive change from QinetiQ Group’s previous dividend of $2.30. QinetiQ Group’s payout ratio is 4,666.67%.

Insider Buying and Selling at QinetiQ Group

In other QinetiQ Group news, insider Steve Wadey sold 117,926 shares of the business’s stock in a transaction that occurred on Tuesday, June 28th. The stock was sold at an average price of GBX 363 ($4.45), for a total transaction of £428,071.38 ($524,533.00).

About QinetiQ Group

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QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and infrastructure markets in the United States, Australia, Europe, and internationally. The company operates through EMEA Services and Global Products 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; maritime 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.