Insider Selling: QinetiQ Group plc (LON:QQ) Insider Sells 109,722 Shares of Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey sold 109,722 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of GBX 444 ($5.63), for a total transaction of £487,165.68 ($617,995.28).

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

• On Monday, June 10th, Steve Wadey bought 32 shares of QinetiQ Group stock. The stock was purchased at an average cost of GBX 457 ($5.80) per share, with a total value of £146.24 ($185.51).
• On Thursday, May 9th, Steve Wadey bought 42 shares of QinetiQ Group stock. The stock was purchased at an average cost of GBX 365 ($4.63) per share, with a total value of £153.30 ($194.47).
• On Tuesday, April 9th, Steve Wadey bought 42 shares of QinetiQ Group stock. The stock was purchased at an average cost of GBX 355 ($4.50) per share, with a total value of £149.10 ($189.14).

QinetiQ Group Stock Up 0.6 %

QQ opened at GBX 450.20 ($5.71) on Thursday. QinetiQ Group plc has a fifty-two week low of GBX 292.20 ($3.71) and a fifty-two week high of GBX 428.40 ($5.43). 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 company has a market capitalization of £2.57 billion, a P/E ratio of 1,875.83, a P/E/G ratio of 1.47 and a beta of 0.39. The stock has a fifty day moving average of GBX 397.64 and a 200-day moving average of GBX 364.23.

QinetiQ Group Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, July 25th will be paid a GBX 5.65 ($0.07) dividend. This represents a 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 payout ratio is 3,333.33%.

Analysts Set New Price Targets

A number of equities analysts have commented on QQ shares. Citigroup reaffirmed a “buy” rating and set a GBX 530 ($6.72) price objective on shares of QinetiQ Group in a research report on Tuesday, June 11th. Shore Capital reaffirmed a “buy” rating on shares of QinetiQ Group in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 457.50 ($5.80).

About QinetiQ Group

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.