QinetiQ Group (LON:QQ) Shares Cross Above 200 Day Moving Average – Should You Sell?

QinetiQ Group plc (LON:QQ) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 415.14 ($5.63) and traded as high as GBX 577.90 ($7.83). QinetiQ Group shares last traded at GBX 550.50 ($7.46), with a volume of 2,295,420 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on QQ. Shore Capital reissued a “hold” rating on shares of QinetiQ Group in a report on Thursday, May 22nd. Berenberg Bank boosted their target price on shares of QinetiQ Group from GBX 500 ($6.78) to GBX 570 ($7.72) and gave the stock a “buy” rating in a report on Monday, June 2nd. Finally, Barclays boosted their target price on shares of QinetiQ Group from GBX 535 ($7.25) to GBX 570 ($7.72) and gave the stock an “overweight” rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 551.25 ($7.47).

QinetiQ Group Stock Performance

The stock’s 50 day moving average price is GBX 423.97 and its 200 day moving average price is GBX 415.14. The company has a debt-to-equity ratio of 41.96, a quick ratio of 1.15 and a current ratio of 1.35. The company has a market capitalization of £3.04 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48.

QinetiQ Group (LON:QQ) last posted its quarterly earnings data on Thursday, May 22nd. The company reported GBX 26.10 ($0.35) EPS for the quarter. QinetiQ Group had a net margin of 7.03% and a return on equity of 14.98%. As a group, equities analysts expect that QinetiQ Group plc will post 26.1405108 EPS for the current year.

QinetiQ Group Increases Dividend

The business also recently announced a dividend, which was paid on Monday, April 14th. Investors of record on Thursday, April 10th were paid a dividend of GBX 7.72 ($0.10) per share. The ex-dividend date was Thursday, April 10th. This is a positive change from QinetiQ Group’s previous dividend of $2.80. This represents a yield of 2.29%. QinetiQ Group’s dividend payout ratio is currently 33.13%.

About QinetiQ Group

QinetiQ Group plc operates as a science and engineering company in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally. The company operates through EMEA Services and Global Solutions 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.