QinetiQ Group plc (LON:QQ) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of QinetiQ Group plc (LON:QQ) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 443.40 ($5.57).

Several research analysts have recently commented on QQ shares. Berenberg Bank raised their target price on shares of QinetiQ Group from GBX 440 ($5.53) to GBX 445 ($5.59) and gave the stock a “buy” rating in a report on Monday, January 22nd. Shore Capital reissued a “buy” rating on shares of QinetiQ Group in a research report on Monday, April 22nd.

QinetiQ Group Trading Up 1.4 %

QinetiQ Group stock opened at GBX 348.40 ($4.38) on Friday. The firm has a market capitalization of £1.99 billion, a P/E ratio of 1,908.89, a price-to-earnings-growth ratio of 1.47 and a beta of 0.38. The company has a 50 day moving average price of GBX 359.02 and a 200 day moving average price of GBX 340.11. The company has a quick ratio of 1.15, a current ratio of 1.24 and a debt-to-equity ratio of 39.57.

QinetiQ Group Cuts Dividend

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