QinetiQ Group (LON:QQ) Earns “Buy” Rating from Shore Capital

Shore Capital reiterated their buy rating on shares of QinetiQ Group (LON:QQ) in a research report sent to investors on Monday, MarketBeat.com reports.

A number of other brokerages have also recently commented on QQ. Barclays raised their price target on shares of QinetiQ Group from GBX 535 ($6.96) to GBX 570 ($7.42) and gave the stock an “overweight” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. raised their price target on shares of QinetiQ Group from GBX 455 ($5.92) to GBX 535 ($6.96) and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 533.75 ($6.94).

QinetiQ Group Stock Down 5.0 %

Shares of QQ opened at GBX 395.40 ($5.14) on Monday. The stock has a market cap of £2.18 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 1.47 and a beta of 0.48. 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 ($6.39). The company has a 50-day moving average price of GBX 411.97 and a two-hundred day moving average price of GBX 430.75.

QinetiQ Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 7th. Stockholders of record on Thursday, January 9th were issued a dividend of GBX 2.80 ($0.04) per share. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, January 9th. 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.