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

Shore Capital restated their buy rating on shares of QinetiQ Group (LON:QQ) in a research report released on Monday morning, MarketBeat reports.

Separately, Berenberg Bank boosted their price objective on QinetiQ Group from GBX 440 ($5.43) to GBX 445 ($5.50) and gave the stock a buy rating in a report on Monday, January 22nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, QinetiQ Group presently has a consensus rating of Moderate Buy and a consensus price target of GBX 443.40 ($5.48).

QinetiQ Group Price Performance

LON QQ opened at GBX 344.40 ($4.25) on Monday. The stock’s 50-day moving average price is GBX 360.84 and its two-hundred day moving average price is GBX 339.40. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 39.57. The company has a market cap of £1.98 billion, a PE ratio of 1,913.33, a PEG ratio of 1.47 and a beta of 0.38. QinetiQ Group has a 1 year low of GBX 292.20 ($3.61) and a 1 year high of GBX 382.40 ($4.72).

QinetiQ Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, February 2nd. Shareholders of record on Thursday, January 4th were paid a dividend of GBX 2.60 ($0.03) per share. The ex-dividend date of this dividend was Thursday, January 4th. This represents a yield of 0.74%. QinetiQ Group’s dividend payout ratio (DPR) is presently 4,444.44%.

QinetiQ Group Company Profile

QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, Europe, and internationally. The company operates through EMEA Services and Global Products 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.