QinetiQ Group plc (QQ) Given Average Recommendation of “Hold” by Brokerages
Shares of QinetiQ Group plc (LON:QQ) have been assigned an average recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 269.67 ($3.50).
Several research analysts have commented on QQ shares. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 295 ($3.83) price target on shares of QinetiQ Group plc in a report on Friday, April 21st. Goldman Sachs Group, Inc. (The) lowered their price target on shares of QinetiQ Group plc from GBX 255 ($3.31) to GBX 253 ($3.28) and set a “sell” rating for the company in a report on Thursday, July 20th. Finally, Liberum Capital reiterated a “hold” rating and set a GBX 270 ($3.51) price target on shares of QinetiQ Group plc in a report on Wednesday, July 19th.
In other news, insider David Smith acquired 12,382 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was bought at an average price of GBX 240 ($3.12) per share, for a total transaction of £29,716.80 ($38,578.22). Also, insider Steve Wadey acquired 15,000 shares of the business’s stock in a transaction on Thursday, July 13th. The shares were purchased at an average price of GBX 262 ($3.40) per share, with a total value of £39,300 ($51,019.08). In the last quarter, insiders purchased 65,027 shares of company stock valued at $16,685,187.
QinetiQ Group plc (LON:QQ) traded down 0.46% during trading on Tuesday, hitting GBX 236.30. 1,554,678 shares of the stock were exchanged. QinetiQ Group plc has a 12 month low of GBX 225.30 and a 12 month high of GBX 322.90. The stock’s 50 day moving average price is GBX 251.58 and its 200 day moving average price is GBX 277.98. The stock’s market cap is GBX 1.33 billion.
The firm also recently declared a dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 3rd will be given a GBX 4 ($0.05) dividend. The ex-dividend date is Thursday, August 3rd. This represents a yield of 1.25%.
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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