QinetiQ Group (LON:QQ) Price Target Raised to GBX 570 at Barclays

QinetiQ Group (LON:QQ) had its price objective upped by Barclays from GBX 535 ($6.80) to GBX 570 ($7.24) in a research report report published on Monday morning, Marketbeat reports. They currently have an overweight rating on the stock.

QQ has been the topic of a number of other reports. JPMorgan Chase & Co. increased their target price on shares of QinetiQ Group from GBX 455 ($5.78) to GBX 535 ($6.80) and gave the company an “overweight” rating in a research report on Thursday, December 12th. Shore Capital reaffirmed a “buy” rating on shares of QinetiQ Group in a report on Tuesday, January 21st.

QinetiQ Group Trading Up 12.9 %

Shares of QinetiQ Group stock opened at GBX 456.40 ($5.80) on Monday. The firm has a market capitalization of £2.52 billion, a PE ratio of 18.90, a P/E/G ratio of 1.47 and a beta of 0.48. The company has a current ratio of 1.35, a quick ratio of 1.15 and a debt-to-equity ratio of 41.96. QinetiQ Group has a twelve month low of GBX 292.20 ($3.71) and a twelve month high of GBX 491 ($6.24). The firm’s 50-day moving average price is GBX 394.09 and its 200 day moving average price is GBX 429.96.

QinetiQ Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, February 7th. Stockholders of record on Thursday, January 9th were issued a GBX 2.80 ($0.04) dividend. The ex-dividend date was Thursday, January 9th. This represents a dividend yield of 0.6%. QinetiQ Group’s payout ratio is 33.13%.

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.