QinetiQ Group plc (LON:QQ) Insider Steve Wadey Buys 37 Shares of Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey acquired 37 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average cost of GBX 408 ($5.21) per share, for a total transaction of £150.96 ($192.87).

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

• On Monday, November 11th, Steve Wadey acquired 32 shares of QinetiQ Group stock. The shares were acquired at an average cost of GBX 465 ($5.94) per share, for a total transaction of £148.80 ($190.11).
• On Wednesday, October 9th, Steve Wadey acquired 33 shares of QinetiQ Group stock. The shares were acquired at an average cost of GBX 459 ($5.86) per share, for a total transaction of £151.47 ($193.52).

QinetiQ Group Stock Performance

QQ opened at GBX 404.20 ($5.16) on Wednesday. The business’s 50-day moving average price is GBX 446.36 and its two-hundred day moving average price is GBX 451.20. QinetiQ Group plc has a 1 year low of GBX 292.20 ($3.73) and a 1 year high of GBX 491 ($6.27). The company has a market capitalization of £2.28 billion, a price-to-earnings ratio of 1,708.33, a P/E/G ratio of 1.47 and a beta of 0.48. The company has a debt-to-equity ratio of 42.47, a current ratio of 1.15 and a quick ratio of 1.15.

QinetiQ Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be issued a GBX 2.80 ($0.04) dividend. This represents a dividend yield of 0.6%. The ex-dividend date is Thursday, January 9th. QinetiQ Group’s payout ratio is 3,333.33%.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of QinetiQ Group in a research note on Tuesday, October 15th.

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.