QinetiQ Group plc (QQ) Receives GBX 269.67 Consensus PT from Brokerages
Shares of QinetiQ Group plc (LON:QQ) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 276.33 ($3.59).
Several brokerages have recently commented on QQ. Barclays PLC raised QinetiQ Group plc to an “overweight” rating and set a GBX 285 ($3.70) target price for the company in a research report on Thursday. J P Morgan Chase & Co decreased their target price on QinetiQ Group plc from GBX 295 ($3.83) to GBX 290 ($3.76) and set a “neutral” rating for the company in a research report on Thursday, July 20th. Liberum Capital reiterated a “hold” rating and set a GBX 270 ($3.51) price objective on shares of QinetiQ Group plc in a report on Friday, May 26th. Finally, Goldman Sachs Group, Inc. (The) increased their price objective on QinetiQ Group plc from GBX 219 ($2.84) to GBX 255 ($3.31) and gave the stock a “sell” rating in a report on Wednesday, May 31st.
In related news, insider Michael Harper bought 5,000 shares of the business’s stock in a transaction on Friday, July 21st. The shares were bought at an average cost of GBX 241 ($3.13) per share, for a total transaction of £12,050 ($15,643.26). Also, insider David Smith bought 17,416 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were bought at an average price of GBX 285 ($3.70) per share, for a total transaction of £49,635.60 ($64,436.71). Over the last quarter, insiders have purchased 65,027 shares of company stock valued at $16,685,187.
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Shares of QinetiQ Group plc (LON QQ) traded down 2.54% during mid-day trading on Tuesday, hitting GBX 234.10. The stock had a trading volume of 2,524,730 shares. The firm’s market cap is GBX 1.33 billion. The company has a 50 day moving average price of GBX 248.35 and a 200 day moving average price of GBX 277.21. QinetiQ Group plc has a 12-month low of GBX 225.60 and a 12-month high of GBX 322.90.
The company also recently disclosed a dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 3rd will be issued a dividend of GBX 4 ($0.05) per share. The ex-dividend date is Thursday, August 3rd. This represents a dividend yield of 1.25%.
About QinetiQ Group plc
QinetiQ Group plc is a science and engineering company operating in the defense, security and aerospace markets. The Company’s segments include EMEA Services and Global Products. The EMEA Services segment provides technical assurance, test and evaluation, and training services. It provides research and advice in specialist areas, such as concept of command, control, communications, computers, intelligence, surveillance and reconnaissance, weapons and energetics, cyber security and procurement advisory services.
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