QinetiQ Group (LON:QQ) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

QinetiQ Group (LON:QQ) had its price target boosted by JPMorgan Chase & Co. from GBX 455 ($5.74) to GBX 535 ($6.75) in a research report sent to investors on Thursday, MarketBeat reports. The brokerage currently has an overweight rating on the stock.

Separately, Shore Capital reaffirmed a “buy” rating on shares of QinetiQ Group in a research note on Tuesday, October 15th.

QinetiQ Group Stock Performance

LON:QQ opened at GBX 411 ($5.19) on Thursday. The stock has a market capitalization of £2.32 billion, a P/E ratio of 1,712.50, a PEG ratio of 1.47 and a beta of 0.48. The company has a debt-to-equity ratio of 42.47, a quick ratio of 1.15 and a current ratio of 1.15. QinetiQ Group has a fifty-two week low of GBX 292.20 ($3.69) and a fifty-two week high of GBX 491 ($6.20). The company has a 50 day moving average price of GBX 443.42 and a 200 day moving average price of GBX 451.98.

QinetiQ Group Cuts Dividend

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

QinetiQ Group Company Profile

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.