QinetiQ Group plc (LON:QQ – Get Free Report)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 traded.
Analysts Set New Price Targets
Separately, Berenberg Bank boosted their price target on QinetiQ Group from GBX 440 ($5.57) to GBX 445 ($5.63) and gave the company a “buy” rating in a report on Monday, January 22nd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 443.40 ($5.61).
Get Our Latest Stock Analysis on QinetiQ Group
QinetiQ Group Price Performance
QinetiQ Group Cuts Dividend
The company also recently disclosed a dividend, which was paid on Friday, February 2nd. Investors of record on Thursday, January 4th were given a dividend of GBX 2.60 ($0.03) per share. This represents a yield of 0.74%. The ex-dividend date of this dividend was Thursday, January 4th. QinetiQ Group’s payout ratio is currently 4,444.44%.
Insider Buying and Selling at QinetiQ Group
In other QinetiQ Group news, insider Sir Gordon Messenger acquired 11,958 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were purchased at an average cost of GBX 333 ($4.21) per share, for a total transaction of £39,820.14 ($50,398.86). 11.92% of the stock is currently owned by company insiders.
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.
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