QinetiQ Group plc (LON:QQ – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 334.93 ($4.23) and traded as high as GBX 369.40 ($4.67). QinetiQ Group shares last traded at GBX 363.40 ($4.59), with a volume of 995,178 shares.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank raised their price objective on QinetiQ Group from GBX 440 ($5.56) to GBX 445 ($5.62) and gave the company a “buy” rating in a 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’s stock. According to MarketBeat, QinetiQ Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 443.40 ($5.60).
Check Out Our Latest Analysis on QinetiQ Group
QinetiQ Group Stock Up 1.5 %
QinetiQ Group Cuts Dividend
The company also recently declared a dividend, which was paid on Friday, February 2nd. Investors of record on Thursday, January 4th were issued a dividend of GBX 2.60 ($0.03) per share. The ex-dividend date of this dividend was Thursday, January 4th. This represents a yield of 0.74%. QinetiQ Group’s dividend payout ratio is currently 4,444.44%.
Insider Buying and Selling at QinetiQ Group
In other QinetiQ Group news, insider Sir Gordon Messenger bought 11,958 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The shares were bought at an average cost of GBX 333 ($4.21) per share, with a total value of £39,820.14 ($50,322.43). Insiders bought 12,047 shares of company stock valued at $4,012,229 in the last quarter. Company insiders own 11.91% of the company’s stock.
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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