QinetiQ Group (LON:QQ) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

QinetiQ Group plc (LON:QQ) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 422.61 ($5.80) and traded as high as GBX 482 ($6.61). QinetiQ Group shares last traded at GBX 474.80 ($6.52), with a volume of 2,484,227 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays lifted their target price on QinetiQ Group from GBX 535 ($7.34) to GBX 570 ($7.82) and gave the stock an “overweight” rating in a research report on Monday, March 3rd. Shore Capital reaffirmed a “hold” rating on shares of QinetiQ Group in a research report on Thursday, May 22nd. Finally, Berenberg Bank boosted their price objective on QinetiQ Group from GBX 500 ($6.86) to GBX 570 ($7.82) and gave the company a “buy” rating in a research note on Monday, June 2nd.

QinetiQ Group Trading Up 7.3%

The business’s 50 day simple moving average is GBX 456.77 and its 200 day simple moving average is GBX 422.61. The company has a debt-to-equity ratio of 41.96, a current ratio of 1.35 and a quick ratio of 1.15. The company has a market capitalization of £2.81 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48.

QinetiQ Group (LON:QQ) last issued its quarterly earnings results on Thursday, May 22nd. The company reported GBX 26.10 ($0.36) earnings per share (EPS) for the quarter. QinetiQ Group had a return on equity of 14.98% and a net margin of 7.03%. Research analysts anticipate that QinetiQ Group plc will post 26.1405108 EPS for the current year.

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 paid a dividend of GBX 7.72 ($0.11) per share. This represents a dividend yield of 2.29%. The ex-dividend date was Thursday, April 10th. This is a boost from QinetiQ Group’s previous dividend of $2.80. QinetiQ Group’s dividend payout ratio is 33.13%.

Insider Buying and Selling

In other QinetiQ Group news, insider Steve Wadey sold 75,060 shares of the firm’s stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of GBX 517 ($7.09), for a total value of £388,060.20 ($532,537.67). Corporate insiders own 12.14% of the company’s stock.

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.