QinetiQ Group (LON:QQ) Given New GBX 500 Price Target at Berenberg Bank

QinetiQ Group (LON:QQ) had its target price lowered by Berenberg Bank from GBX 610 ($7.93) to GBX 500 ($6.50) in a research report released on Tuesday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Barclays raised their price target on shares of QinetiQ Group from GBX 535 ($6.96) to GBX 570 ($7.41) and gave the stock an “overweight” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. increased their price objective on QinetiQ Group from GBX 455 ($5.92) to GBX 535 ($6.96) and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, Shore Capital reissued a “buy” rating on shares of QinetiQ Group in a research note on Monday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 533.75 ($6.94).

QinetiQ Group Stock Performance

LON QQ opened at GBX 395.40 ($5.14) on Tuesday. The firm has a market cap of £2.18 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 1.47 and a beta of 0.48. The company has a 50-day simple moving average of GBX 412.23 and a two-hundred day simple moving average of GBX 431. The company has a quick ratio of 1.15, a current ratio of 1.35 and a debt-to-equity ratio of 41.96. QinetiQ Group has a 12-month low of GBX 292.20 ($3.80) and a 12-month high of GBX 491 ($6.38).

QinetiQ Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 7th. Stockholders of record on Thursday, January 9th were given a GBX 2.80 ($0.04) dividend. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, January 9th. QinetiQ Group’s dividend payout ratio is currently 33.13%.

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.