Barclays restated their overweight rating on shares of QinetiQ Group (LON:QQ – Free Report) in a research report sent to investors on Friday, MarketBeat reports. Barclays currently has a GBX 465 ($5.82) target price on the stock.
Several other equities research analysts also recently commented on QQ. Berenberg Bank restated a buy rating and issued a GBX 450 ($5.63) target price on shares of QinetiQ Group in a research note on Thursday, November 16th. Shore Capital restated a buy rating on shares of QinetiQ Group in a research note on Thursday, November 16th. Finally, JPMorgan Chase & Co. restated a neutral rating and issued a GBX 420 ($5.25) target price on shares of QinetiQ Group in a research note on Monday, October 16th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of GBX 444.40 ($5.56).
QinetiQ Group Stock Down 2.1 %
QinetiQ Group Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Friday, February 2nd. Shareholders of record on Thursday, January 4th will be issued a dividend of GBX 2.60 ($0.03) per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a yield of 0.74%. QinetiQ Group’s dividend payout ratio is currently 4,444.44%.
QinetiQ Group Company Profile
QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, Europe, and internationally. The company operates through EMEA Services and Global Products 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.
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