QinetiQ Group plc Declares Dividend of GBX 2.10 (QQ)
QinetiQ Group plc (LON:QQ) announced a dividend on Thursday, November 16th, Upcoming.Co.Uk reports. Investors of record on Thursday, January 11th will be given a dividend of GBX 2.10 ($0.03) per share on Friday, February 9th. This represents a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, January 11th. The official announcement can be seen at this link.
Shares of QinetiQ Group (LON QQ) opened at GBX 231.20 ($3.09) on Friday. The firm has a market cap of $1,310.00 and a P/E ratio of 963.33. QinetiQ Group has a 12 month low of GBX 195.10 ($2.61) and a 12 month high of GBX 322.90 ($4.32).
A number of research firms recently weighed in on QQ. JPMorgan Chase & Co. raised shares of QinetiQ Group to an “overweight” rating and set a GBX 290 ($3.88) price target for the company in a research note on Monday, October 2nd. Liberum Capital reissued a “hold” rating and set a GBX 270 ($3.61) price target on shares of QinetiQ Group in a research note on Friday, September 29th. Barclays reissued an “overweight” rating and set a GBX 285 ($3.81) price target on shares of QinetiQ Group in a research note on Monday, September 25th. Finally, Berenberg Bank raised shares of QinetiQ Group to a “buy” rating and lowered their target price for the company from GBX 310 ($4.14) to GBX 235 ($3.14) in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 255.60 ($3.42).
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About QinetiQ Group
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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