QinetiQ Group (LON:QQ) Stock Passes Above 200-Day Moving Average of $338.47

QinetiQ Group plc (LON:QQ) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 338.47 ($4.21) and traded as high as GBX 349.40 ($4.35). QinetiQ Group shares last traded at GBX 333.60 ($4.15), with a volume of 3,445,919 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank boosted their price target on QinetiQ Group from GBX 440 ($5.48) to GBX 445 ($5.54) and gave the stock a “buy” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, QinetiQ Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 443.40 ($5.52).

QinetiQ Group Price Performance

The stock has a market capitalization of £1.93 billion, a P/E ratio of 1,853.33, a PEG ratio of 1.47 and a beta of 0.38. The business has a fifty day simple moving average of GBX 364.35 and a 200-day simple moving average of GBX 338.47. The company has a debt-to-equity ratio of 39.57, a quick ratio of 1.15 and a current ratio of 1.24.

QinetiQ Group Cuts Dividend

The company also recently announced 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. This represents a dividend yield of 0.74%. The ex-dividend date was Thursday, January 4th. QinetiQ Group’s payout ratio is 4,444.44%.

About QinetiQ Group

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.