QinetiQ Group (LON:QQ) Stock Price Expected to Rise, Barclays Analyst Says

QinetiQ Group (LON:QQ) had its target price boosted by Barclays from GBX 535 ($6.90) to GBX 570 ($7.35) in a research report released on Monday morning, MarketBeat.com reports. Barclays currently has an overweight rating on the stock.

Several other brokerages have also recently commented on QQ. JPMorgan Chase & Co. lifted their price target on shares of QinetiQ Group from GBX 455 ($5.86) to GBX 535 ($6.90) and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Shore Capital reiterated a “buy” rating on shares of QinetiQ Group in a research report on Tuesday, January 21st.

QinetiQ Group Trading Down 0.6 %

QQ opened at GBX 453.80 ($5.85) on Monday. The company has a current ratio of 1.35, a quick ratio of 1.15 and a debt-to-equity ratio of 41.96. The stock has a market capitalization of £2.50 billion, a PE ratio of 18.79, a PEG ratio of 1.47 and a beta of 0.48. QinetiQ Group has a 1-year low of GBX 292.20 ($3.77) and a 1-year high of GBX 491 ($6.33). The firm has a 50-day moving average price of GBX 396.02 and a two-hundred day moving average price of GBX 429.71.

QinetiQ Group Cuts Dividend

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

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.