QinetiQ Group (LON:QQ) Trading 0.1% Higher – Still a Buy?

Posted by Scott Moore on Dec 7th, 2024

QinetiQ Group plc (LON:QQ – Get Free Report) shot up 0.1% during trading on Thursday . The company traded as high as GBX 426.32 ($5.44) and last traded at GBX 423.80 ($5.40). 1,130,286 shares were traded during trading, an increase of 1,176% from the average session volume of 88,555 shares. The stock had previously closed at GBX 423.20 ($5.40).

Analysts Set New Price Targets

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

Get Our Latest Report on QinetiQ Group

QinetiQ Group Stock Performance

The company’s fifty day moving average is GBX 447.84 and its 200 day moving average is GBX 449.93. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 42.47. The company has a market capitalization of £2.34 billion, a P/E ratio of 1,727.50, a P/E/G ratio of 1.47 and a beta of 0.48.

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 GBX 2.80 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a yield of 0.6%. QinetiQ Group’s dividend payout ratio is currently 3,333.33%.

About QinetiQ Group

(Get Free Report)

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.