Steve Wadey Acquires 33 Shares of QinetiQ Group plc (LON:QQ) Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey purchased 33 shares of the business’s stock in a transaction on Tuesday, July 9th. The shares were acquired at an average cost of GBX 457 ($5.85) per share, with a total value of £150.81 ($193.17).

Steve Wadey also recently made the following trade(s):

• On Monday, July 1st, Steve Wadey sold 155,335 shares of QinetiQ Group stock. The shares were sold at an average price of GBX 442 ($5.66), for a total value of £686,580.70 ($879,442.42).
• On Tuesday, June 25th, Steve Wadey sold 109,722 shares of QinetiQ Group stock. The shares were sold at an average price of GBX 444 ($5.69), for a total value of £487,165.68 ($624,011.37).
• On Monday, June 10th, Steve Wadey purchased 32 shares of QinetiQ Group stock. The shares were acquired at an average cost of GBX 457 ($5.85) per share, with a total value of £146.24 ($187.32).
• On Thursday, May 9th, Steve Wadey purchased 42 shares of QinetiQ Group stock. The shares were acquired at an average cost of GBX 365 ($4.68) per share, with a total value of £153.30 ($196.36).

QinetiQ Group Price Performance

QinetiQ Group stock opened at GBX 470 ($6.02) on Friday. The stock’s 50 day moving average is GBX 423.96 and its 200 day moving average is GBX 375.92. The company has a debt-to-equity ratio of 42.47, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market cap of £2.68 billion, a P/E ratio of 1,958.33, a P/E/G ratio of 1.47 and a beta of 0.39. QinetiQ Group plc has a one year low of GBX 292.20 ($3.74) and a one year high of GBX 428.40 ($5.49).

QinetiQ Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, July 25th will be paid a GBX 5.65 ($0.07) dividend. This is a positive change from QinetiQ Group’s previous dividend of $2.60. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, July 25th. QinetiQ Group’s payout ratio is currently 3,333.33%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on QQ. Shore Capital reissued a “buy” rating on shares of QinetiQ Group in a report on Thursday, May 23rd. Citigroup reiterated a “buy” rating and issued a GBX 530 ($6.79) target price on shares of QinetiQ Group in a research report on Tuesday, June 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 457.50 ($5.86).

QinetiQ Group Company Profile

QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, Europe, and internationally. The company operates through EMEA Services and Global Products 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.