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

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

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

QinetiQ Group Stock Up 1.7 %

Shares of LON QQ opened at GBX 342.80 ($4.23) on Monday. The stock has a market cap of £1.97 billion, a PE ratio of 1,873.33, a P/E/G ratio of 1.47 and a beta of 0.38. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 39.57. QinetiQ Group has a 12-month low of GBX 292.20 ($3.61) and a 12-month high of GBX 382.40 ($4.72). The company has a 50-day moving average of GBX 362.59 and a 200 day moving average of GBX 339.11.

QinetiQ Group Cuts Dividend

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

About QinetiQ Group

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.