QinetiQ Group’s (QQ) “Buy” Rating Reaffirmed at Shore Capital

Shore Capital restated their buy rating on shares of QinetiQ Group (LON:QQ) in a report issued on Tuesday morning, Marketbeat reports.

Separately, JPMorgan Chase & Co. raised their price objective on shares of QinetiQ Group from GBX 455 ($5.61) to GBX 535 ($6.60) and gave the stock an “overweight” rating in a research report on Thursday, December 12th.

QinetiQ Group Stock Down 0.4 %

Shares of QQ stock opened at GBX 420.60 ($5.19) on Tuesday. 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 firm’s 50-day moving average is GBX 417.73 and its 200-day moving average is GBX 446.32. The stock has a market cap of £2.38 billion, a price-to-earnings ratio of 1,752.50, a PEG ratio of 1.47 and a beta of 0.48. QinetiQ Group has a 52-week low of GBX 292.20 ($3.60) and a 52-week high of GBX 491 ($6.05).

QinetiQ Group (LON:QQ) last issued its earnings results on Thursday, November 14th. The company reported GBX 14.20 ($0.18) earnings per share (EPS) for the quarter. QinetiQ Group had a net margin of 7.30% and a return on equity of 14.74%. Sell-side analysts predict that QinetiQ Group will post 26.1405108 EPS for the current year.

QinetiQ Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be paid a dividend of GBX 2.80 ($0.03) per share. The ex-dividend date is Thursday, January 9th. This represents a dividend yield of 0.6%. QinetiQ Group’s payout ratio is presently 3,333.33%.

QinetiQ Group Company Profile

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.