QinetiQ Group (LON:QQ) Receives “Hold” Rating from Shore Capital

Shore Capital reissued their hold rating on shares of QinetiQ Group (LON:QQ) in a research report report published on Thursday, Marketbeat reports.

Several other analysts have also recently weighed in on QQ. Barclays lifted their price target on shares of QinetiQ Group from GBX 535 ($7.18) to GBX 570 ($7.65) and gave the company an “overweight” rating in a report on Monday, March 3rd. Berenberg Bank cut their target price on shares of QinetiQ Group from GBX 610 ($8.19) to GBX 500 ($6.71) and set a “buy” rating on the stock in a research note on Tuesday, March 18th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, QinetiQ Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 533.75 ($7.16).

QinetiQ Group Stock Up 6.8%

Shares of QinetiQ Group stock opened at GBX 469.60 ($6.30) on Thursday. 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 has a 52-week low of GBX 292.20 ($3.92) and a 52-week high of GBX 491 ($6.59). The company’s 50 day moving average price is GBX 395.15 and its 200-day moving average price is GBX 410.08. The stock has a market capitalization of £2.59 billion, a price-to-earnings ratio of 19.45, a P/E/G ratio of 1.47 and a beta of 0.48.

QinetiQ Group (LON:QQ) last announced its quarterly earnings results on Thursday, May 22nd. The company reported GBX 26.10 ($0.35) earnings per share (EPS) for the quarter. QinetiQ Group had a net margin of 7.03% and a return on equity of 14.98%. Equities research analysts forecast that QinetiQ Group will post 26.1405108 EPS for the current year.

QinetiQ Group Increases Dividend

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

About QinetiQ Group

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.