Barclays Forecasts Strong Price Appreciation for QinetiQ Group (LON:QQ) Stock

QinetiQ Group (LON:QQ) had its price target lifted by Barclays from GBX 535 ($6.80) to GBX 570 ($7.24) in a research note published on Monday, MarketBeat Ratings reports. The firm currently has an overweight rating on the stock.

Other equities analysts have also recently issued research reports about the company. Shore Capital reiterated a “buy” rating on shares of QinetiQ Group in a research report on Tuesday, January 21st. JPMorgan Chase & Co. raised their price objective on shares of QinetiQ Group from GBX 455 ($5.78) to GBX 535 ($6.80) and gave the company an “overweight” rating in a research note on Thursday, December 12th.

QinetiQ Group Stock Up 12.9 %

Shares of LON:QQ opened at GBX 456.40 ($5.80) on Monday. QinetiQ Group has a fifty-two week low of GBX 292.20 ($3.71) and a fifty-two week high of GBX 491 ($6.24). The company has a quick ratio of 1.15, a current ratio of 1.35 and a debt-to-equity ratio of 41.96. The firm’s 50-day simple moving average is GBX 394.09 and its 200-day simple moving average is GBX 429.96. The company has a market cap of £2.52 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 1.47 and a beta of 0.48.

QinetiQ Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 7th. Investors of record on Thursday, January 9th were given a dividend of GBX 2.80 ($0.04) per share. This represents a yield of 0.6%. The ex-dividend date of this dividend was Thursday, January 9th. QinetiQ Group’s dividend payout ratio 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.