Shore Capital Reiterates Buy Rating for QinetiQ Group (LON:QQ)

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

Several other research analysts also recently commented on QQ. JPMorgan Chase & Co. lifted their target price on QinetiQ Group from GBX 455 ($5.91) to GBX 535 ($6.95) and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Barclays lifted their target price on QinetiQ Group from GBX 535 ($6.95) to GBX 570 ($7.40) and gave the stock an “overweight” rating in a research note on Monday, March 3rd.

QinetiQ Group Stock Performance

Shares of LON QQ opened at GBX 524.50 ($6.81) on Monday. The company has a current ratio of 1.35, a quick ratio of 1.15 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). The stock has a 50 day moving average of GBX 412.10 and a 200-day moving average of GBX 431.41. The company has a market capitalization of £2.89 billion, a P/E ratio of 21.72, a P/E/G ratio of 1.47 and a beta of 0.48.

QinetiQ Group Cuts Dividend

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