Insider Buying: QinetiQ Group plc (LON:QQ) Insider Acquires £148.80 in Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey purchased 32 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were purchased at an average cost of GBX 465 ($5.98) per share, for a total transaction of £148.80 ($191.48).

Steve Wadey also recently made the following trade(s):

• On Wednesday, October 9th, Steve Wadey acquired 33 shares of QinetiQ Group stock. The stock was purchased at an average cost of GBX 459 ($5.91) per share, with a total value of £151.47 ($194.92).
• On Monday, September 9th, Steve Wadey bought 33 shares of QinetiQ Group stock. The shares were purchased at an average cost of GBX 451 ($5.80) per share, for a total transaction of £148.83 ($191.52).

QinetiQ Group Stock Performance

QQ opened at GBX 466 ($6.00) on Friday. The firm’s fifty day simple moving average is GBX 457.31 and its two-hundred day simple moving average is GBX 441.94. QinetiQ Group plc has a 52-week low of GBX 292.20 ($3.76) and a 52-week high of GBX 491 ($6.32). The company has a market cap of £2.63 billion, a price-to-earnings ratio of 1,941.67, a PEG ratio of 1.47 and a beta of 0.48. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 42.47.

QinetiQ Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be issued a GBX 2.80 ($0.04) dividend. This represents a yield of 0.6%. The ex-dividend date of this dividend is Thursday, January 9th. QinetiQ Group’s payout ratio is 3,333.33%.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of QinetiQ Group in a report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 457.50 ($5.89).

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.