QinetiQ Group (LON:QQ) Stock Price Passes Above 200-Day Moving Average of $324.36

QinetiQ Group plc (LON:QQGet Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 324.36 ($4.07) and traded as high as GBX 364.40 ($4.57). QinetiQ Group shares last traded at GBX 362.40 ($4.54), with a volume of 933,905 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently commented on QQ shares. Berenberg Bank raised their target price on shares of QinetiQ Group from GBX 440 ($5.52) to GBX 445 ($5.58) and gave the stock a “buy” rating in a research note on Monday, January 22nd. Shore Capital restated a “buy” rating on shares of QinetiQ Group in a research report on Thursday, November 16th. Barclays restated an “overweight” rating and set a GBX 465 ($5.83) target price on shares of QinetiQ Group in a research report on Friday, November 17th. Finally, JPMorgan Chase & Co. cut their target price on shares of QinetiQ Group from GBX 420 ($5.27) to GBX 390 ($4.89) and set a “neutral” rating for the company in a research report on Monday, November 20th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, QinetiQ Group has a consensus rating of “Moderate Buy” and an average price target of GBX 443.40 ($5.56).

Check Out Our Latest Stock Analysis on QinetiQ Group

QinetiQ Group Stock Up 0.8 %

The business has a fifty day moving average of GBX 321.32 and a 200 day moving average of GBX 324.36. The stock has a market cap of £2.10 billion, a price-to-earnings ratio of 2,013.33, a P/E/G ratio of 1.47 and a beta of 0.38. The company has a debt-to-equity ratio of 39.57, a current ratio of 1.24 and a quick ratio of 1.15.

QinetiQ Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 2nd. Stockholders of record on Thursday, January 4th were given a GBX 2.60 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a dividend yield of 0.74%. QinetiQ Group’s dividend payout ratio is 4,444.44%.

Insider Buying and Selling

In related news, insider Sir Gordon Messenger acquired 11,958 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was bought at an average cost of GBX 333 ($4.17) per share, with a total value of £39,820.14 ($49,918.69). Insiders bought a total of 12,055 shares of company stock valued at $4,011,980 over the last ninety days. 11.83% of the stock is owned by company insiders.

About QinetiQ Group

(Get Free Report)

QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and infrastructure markets in the United Kingdom, 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; 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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