QinetiQ Group (OTCMKTS:QNTQY) Upgraded to Buy at Citigroup

Citigroup upgraded shares of QinetiQ Group (OTCMKTS:QNTQYGet Rating) from a neutral rating to a buy rating in a report published on Thursday morning, The Fly reports.

Separately, JPMorgan Chase & Co. upped their price target on shares of QinetiQ Group from GBX 355 ($4.29) to GBX 375 ($4.53) in a research note on Tuesday, August 9th.

QinetiQ Group Price Performance

OTCMKTS:QNTQY opened at $16.33 on Thursday. QinetiQ Group has a fifty-two week low of $13.20 and a fifty-two week high of $19.15. The firm’s fifty day simple moving average is $17.54 and its 200-day simple moving average is $17.41.

QinetiQ Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 8th. Investors of record on Friday, July 29th were given a $0.2123 dividend. The ex-dividend date of this dividend was Thursday, July 28th. This is a positive change from QinetiQ Group’s previous dividend of $0.11. This represents a dividend yield of 1.75%.

QinetiQ Group Company Profile

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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.

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