Brokerages Set QinetiQ Group plc (LON:QQ) Price Target at GBX 443.40

Shares of QinetiQ Group plc (LON:QQ) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 443.40 ($5.64).

Separately, Shore Capital restated a “buy” rating on shares of QinetiQ Group in a research note on Thursday.

QinetiQ Group Trading Up 13.4 %

Shares of QQ stock opened at GBX 424.40 ($5.39) on Wednesday. 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 company has a market cap of £2.42 billion, a price-to-earnings ratio of 2,357.78, a PEG ratio of 1.47 and a beta of 0.38. The company’s 50 day simple moving average is GBX 357.96 and its two-hundred day simple moving average is GBX 344.10.

QinetiQ Group Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, July 25th will be issued a GBX 5.65 ($0.07) dividend. The ex-dividend date is Thursday, July 25th. This represents a dividend yield of 1.51%. This is a positive change from QinetiQ Group’s previous dividend of $2.60. QinetiQ Group’s payout ratio is presently 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.