QinetiQ Group (LON:QQ) Price Target Raised to GBX 570

QinetiQ Group (LON:QQ) had its target price boosted by Barclays from GBX 535 ($6.90) to GBX 570 ($7.35) in a research note issued to investors on Monday, Marketbeat reports. The firm currently has an overweight rating on the stock.

Several other analysts have also commented on QQ. JPMorgan Chase & Co. increased their target price on shares of QinetiQ Group from GBX 455 ($5.86) to GBX 535 ($6.90) and gave the company an “overweight” rating in a research note on Thursday, December 12th. Shore Capital reissued a “buy” rating on shares of QinetiQ Group in a research note on Tuesday, January 21st.

QinetiQ Group Trading Down 0.6 %

QinetiQ Group stock opened at GBX 453.80 ($5.85) on Monday. The firm has a 50 day simple moving average of GBX 396.02 and a 200-day simple moving average of GBX 429.71. 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 stock has a market capitalization of £2.50 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48. QinetiQ Group has a 12-month low of GBX 292.20 ($3.77) and a 12-month high of GBX 491 ($6.33).

QinetiQ Group Cuts Dividend

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