QinetiQ Group (LON:QQ) Shares Cross Above 200 Day Moving Average of $337.32

QinetiQ Group plc (LON:QQ) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 337.32 ($4.27) and traded as high as GBX 362.60 ($4.59). QinetiQ Group shares last traded at GBX 362.60 ($4.59), with a volume of 1,011,871 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank increased their price objective on shares of QinetiQ Group from GBX 440 ($5.57) to GBX 445 ($5.63) and gave the stock a “buy” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 443.40 ($5.61).

QinetiQ Group Stock Down 3.8 %

The company has a quick ratio of 1.15, a current ratio of 1.24 and a debt-to-equity ratio of 39.57. The stock has a market cap of £2.00 billion, a PE ratio of 2,014.44, a price-to-earnings-growth ratio of 1.47 and a beta of 0.38. The firm has a fifty day moving average of GBX 365.32 and a 200 day moving average of GBX 337.32.

QinetiQ Group Cuts Dividend

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

Insider Buying and Selling

In other news, insider Sir Gordon Messenger bought 11,958 shares of QinetiQ Group stock in a transaction dated Thursday, January 18th. The stock was acquired at an average cost of GBX 333 ($4.21) per share, with a total value of £39,820.14 ($50,398.86). 11.92% of the stock is owned by company insiders.

QinetiQ Group Company Profile

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.