QinetiQ Group (LON:QQ) Price Target Lowered to GBX 500 at Berenberg Bank

QinetiQ Group (LON:QQ) had its target price reduced by Berenberg Bank from GBX 610 ($7.91) to GBX 500 ($6.48) in a report issued on Tuesday, Marketbeat reports. Berenberg Bank currently has a buy rating on the stock.

QQ has been the topic of a number of other research reports. JPMorgan Chase & Co. lifted their price target on shares of QinetiQ Group from GBX 455 ($5.90) to GBX 535 ($6.94) and gave the company an “overweight” rating in a research note on Thursday, December 12th. Barclays lifted their target price on shares of QinetiQ Group from GBX 535 ($6.94) to GBX 570 ($7.39) and gave the stock an “overweight” rating in a research note on Monday, March 3rd. Finally, Shore Capital reaffirmed a “buy” rating on shares of QinetiQ Group in a research note on Monday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 533.75 ($6.92).

QinetiQ Group Price Performance

QinetiQ Group stock opened at GBX 379.20 ($4.92) on Tuesday. The company’s fifty day moving average price is GBX 411.38 and its 200 day moving average price is GBX 430.39. QinetiQ Group has a 1 year low of GBX 292.20 ($3.79) and a 1 year high of GBX 491 ($6.37). The stock has a market capitalization of £2.09 billion, a P/E ratio of 15.70, a P/E/G ratio of 1.47 and a beta of 0.48. The company has a debt-to-equity ratio of 41.96, a quick ratio of 1.15 and a current ratio of 1.35.

QinetiQ Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, February 7th. Shareholders of record on Thursday, January 9th were paid a dividend of GBX 2.80 ($0.04) per share. The ex-dividend date was Thursday, January 9th. This represents a yield of 0.6%. QinetiQ Group’s dividend payout ratio (DPR) is presently 33.13%.

QinetiQ Group Company Profile

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.