QinetiQ Group plc (QQ) Given Average Recommendation of “Hold” by Brokerages
QinetiQ Group plc (LON:QQ) has been given an average recommendation of “Hold” by the six brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 269.67 ($3.52).
QQ has been the topic of several analyst reports. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 295 ($3.85) price objective on shares of QinetiQ Group plc in a research note on Friday, April 21st. Liberum Capital reiterated a “hold” rating and issued a GBX 270 ($3.53) price objective on shares of QinetiQ Group plc in a research note on Friday, May 26th. Finally, Goldman Sachs Group, Inc. (The) increased their price objective on QinetiQ Group plc from GBX 219 ($2.86) to GBX 255 ($3.33) and gave the company a “sell” rating in a research note on Wednesday, May 31st.
In other QinetiQ Group plc news, insider Michael Harper purchased 5,000 shares of the business’s stock in a transaction on Friday, July 21st. The shares were bought at an average cost of GBX 241 ($3.15) per share, for a total transaction of £12,050 ($15,735.18). Also, insider Steve Wadey purchased 15,000 shares of the business’s stock in a transaction on Thursday, July 13th. The stock was acquired at an average price of GBX 262 ($3.42) per share, for a total transaction of £39,300 ($51,318.88). Over the last 90 days, insiders acquired 37,625 shares of company stock worth $10,158,422.
Shares of QinetiQ Group plc (LON:QQ) traded down 1.98% during midday trading on Friday, reaching GBX 237.20. The company’s stock had a trading volume of 3,663,424 shares. The stock’s 50-day moving average is GBX 277.74 and its 200-day moving average is GBX 280.69. QinetiQ Group plc has a one year low of GBX 216.90 and a one year high of GBX 322.90. The company’s market capitalization is GBX 1.33 billion.
The firm also recently declared a dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 3rd will be paid a GBX 4 ($0.05) dividend. This represents a yield of 1.25%. The ex-dividend date is Thursday, August 3rd.
QinetiQ Group plc Company Profile
QinetiQ Group plc is a science and engineering company operating in the defense, security and aerospace markets. The Company’s segments include EMEA Services and Global Products. The EMEA Services segment provides technical assurance, test and evaluation, and training services. It provides research and advice in specialist areas, such as concept of command, control, communications, computers, intelligence, surveillance and reconnaissance, weapons and energetics, cyber security and procurement advisory services.
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