QinetiQ Group plc (LON:QQ – Get Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 358.12 ($4.55) and traded as high as GBX 450.60 ($5.73). QinetiQ Group shares last traded at GBX 450.40 ($5.72), with a volume of 1,001,837 shares changing hands.
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. Shore Capital restated a “buy” rating on shares of QinetiQ Group in a report on Thursday, May 23rd. Citigroup restated a “buy” rating and issued a GBX 530 ($6.73) target price on shares of QinetiQ Group in a report on Tuesday, June 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 457.50 ($5.81).
Read Our Latest Stock Analysis on QQ
QinetiQ Group Price Performance
QinetiQ Group Increases Dividend
The business also recently declared a dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, July 25th will be issued a GBX 5.65 ($0.07) dividend. This represents a dividend yield of 1.51%. The ex-dividend date is Thursday, July 25th. This is an increase from QinetiQ Group’s previous dividend of $2.60. QinetiQ Group’s dividend payout ratio (DPR) is currently 3,333.33%.
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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