Steve Wadey Acquires 35 Shares of QinetiQ Group plc (LON:QQ) Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey purchased 35 shares of the company’s stock in a transaction dated Friday, May 9th. The stock was purchased at an average price of GBX 428 ($5.70) per share, with a total value of £149.80 ($199.36).

QinetiQ Group Trading Down 3.5%

LON:QQ opened at GBX 411.60 ($5.48) on Wednesday. The company has a debt-to-equity ratio of 41.96, a current ratio of 1.35 and a quick ratio of 1.15. QinetiQ Group plc has a 1 year low of GBX 292.20 ($3.89) and a 1 year high of GBX 491 ($6.53). The company has a market cap of £2.27 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.47 and a beta of 0.48. The stock’s fifty day moving average price is GBX 407.74 and its two-hundred day moving average price is GBX 411.30.

QinetiQ Group Increases Dividend

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

Analyst Upgrades and Downgrades

QQ has been the subject of several analyst reports. Shore Capital reaffirmed a “buy” rating on shares of QinetiQ Group in a research report on Monday, March 17th. Barclays boosted their price objective on QinetiQ Group from GBX 535 ($7.12) to GBX 570 ($7.59) and gave the stock an “overweight” rating in a report on Monday, March 3rd. Finally, Berenberg Bank reduced their target price on QinetiQ Group from GBX 610 ($8.12) to GBX 500 ($6.65) and set a “buy” rating for the company in a report on Tuesday, March 18th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 533.75 ($7.10).

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.