QinetiQ Group plc (LON:QQ) Insider Acquires £148.42 in Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey purchased 41 shares of the stock in a transaction dated Monday, February 10th. The shares were acquired at an average price of GBX 362 ($4.51) per share, with a total value of £148.42 ($184.74).

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

• On Thursday, January 9th, Steve Wadey bought 37 shares of QinetiQ Group stock. The stock was purchased at an average price of GBX 407 ($5.07) per share, with a total value of £150.59 ($187.44).
• On Monday, December 9th, Steve Wadey purchased 37 shares of QinetiQ Group stock. The stock was bought at an average cost of GBX 408 ($5.08) per share, for a total transaction of £150.96 ($187.90).

QinetiQ Group Stock Performance

QQ opened at GBX 370.80 ($4.62) on Thursday. The company has a debt-to-equity ratio of 42.47, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of £2.10 billion, a P/E ratio of 1,545.00, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48. QinetiQ Group plc has a 52-week low of GBX 292.20 ($3.64) and a 52-week high of GBX 491 ($6.11). The business’s fifty day moving average is GBX 399.54 and its 200-day moving average is GBX 436.92.

QinetiQ Group (LON:QQ) last issued its quarterly earnings results on Thursday, November 14th. The company reported GBX 14.20 ($0.18) EPS for the quarter. QinetiQ Group had a return on equity of 14.74% and a net margin of 7.30%. Sell-side analysts expect that QinetiQ Group plc will post 26.1405108 EPS for the current fiscal year.

QinetiQ Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 7th. Investors of record on Thursday, January 9th were issued a GBX 2.80 ($0.03) dividend. This represents a dividend yield of 0.6%. The ex-dividend date was Thursday, January 9th. QinetiQ Group’s payout ratio is currently 3,333.33%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on QinetiQ Group from GBX 455 ($5.66) to GBX 535 ($6.66) and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Shore Capital reiterated a “buy” rating on shares of QinetiQ Group in a research note on Tuesday, January 21st.

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.