QinetiQ Group plc (LON:QQ – Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 328.58 ($4.17) and traded as high as GBX 370.97 ($4.71). QinetiQ Group shares last traded at GBX 363.60 ($4.61), with a volume of 1,637,088 shares trading hands.
Wall Street Analyst Weigh In
Several research firms recently weighed in on QQ. Shore Capital reiterated a “buy” rating on shares of QinetiQ Group in a research report on Thursday, November 16th. JPMorgan Chase & Co. lowered their price objective on QinetiQ Group from GBX 420 ($5.33) to GBX 390 ($4.95) and set a “neutral” rating on the stock in a research report on Monday, November 20th. Barclays restated an “overweight” rating and issued a GBX 465 ($5.90) price objective on shares of QinetiQ Group in a research report on Friday, November 17th. Finally, Berenberg Bank boosted their price objective on QinetiQ Group from GBX 440 ($5.58) to GBX 445 ($5.64) and gave the company a “buy” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, QinetiQ Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 443.40 ($5.62).
View Our Latest Analysis on QQ
QinetiQ Group Stock Up 0.6 %
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 issued a GBX 2.60 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a dividend yield of 0.74%. QinetiQ Group’s dividend payout ratio (DPR) is 4,444.44%.
Insider Transactions at QinetiQ Group
In related news, insider Sir Gordon Messenger acquired 11,958 shares of QinetiQ Group stock in a transaction on Thursday, January 18th. The shares were bought at an average cost of GBX 333 ($4.22) per share, with a total value of £39,820.14 ($50,507.53). Over the last three months, insiders have bought 12,096 shares of company stock valued at $4,027,027. 11.85% of the stock is currently owned by insiders.
QinetiQ Group Company Profile
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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