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

QinetiQ Group plc (LON:QQ) insider Steve Wadey acquired 35 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were bought at an average cost of GBX 428 ($5.68) per share, for a total transaction of £149.80 ($198.73).

QinetiQ Group Price Performance

Shares of QinetiQ Group stock opened at GBX 416.20 ($5.52) on Thursday. 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 company’s fifty day simple moving average is GBX 405.47 and its two-hundred day simple moving average is GBX 411.34. The firm has a market cap of £2.30 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48. QinetiQ Group plc has a 12-month low of GBX 292.20 ($3.88) and a 12-month high of GBX 491 ($6.51).

QinetiQ Group Increases Dividend

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

Analysts Set New Price Targets

Several research firms have recently issued reports on QQ. Barclays upped their target price on QinetiQ Group from GBX 535 ($7.10) to GBX 570 ($7.56) and gave the company an “overweight” rating in a report on Monday, March 3rd. Shore Capital reiterated a “buy” rating on shares of QinetiQ Group in a research note on Monday, March 17th. Finally, Berenberg Bank cut their price objective on shares of QinetiQ Group from GBX 610 ($8.09) to GBX 500 ($6.63) and set a “buy” rating for the company in a research report on Tuesday, March 18th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 533.75 ($7.08).

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.