QinetiQ Group’s (QQ) “Buy” Rating Reaffirmed at Shore Capital

Shore Capital reiterated their buy rating on shares of QinetiQ Group (LON:QQ) in a research report report published on Monday morning, Marketbeat.com reports.

Separately, Berenberg Bank raised their target price on shares of QinetiQ Group from GBX 440 ($5.43) to GBX 445 ($5.50) and gave the company a buy rating in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of GBX 443.40 ($5.48).

QinetiQ Group Price Performance

Shares of QQ opened at GBX 342.80 ($4.23) on Monday. The company has a 50 day moving average of GBX 362.59 and a 200-day moving average of GBX 339.11. 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 capitalization of £1.97 billion, a P/E ratio of 1,873.33, a P/E/G ratio of 1.47 and a beta of 0.38. QinetiQ Group has a twelve month low of GBX 292.20 ($3.61) and a twelve month high of GBX 382.40 ($4.72).

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 paid a dividend of GBX 2.60 ($0.03) per share. This represents a dividend yield of 0.74%. The ex-dividend date of this dividend was Thursday, January 4th. QinetiQ Group’s dividend payout ratio is currently 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.