Insider Buying: QinetiQ Group plc (LON:QQ) Insider Acquires £95,000 in Stock

QinetiQ Group plc (LON:QQ) insider Ross McEwan CBE purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were purchased at an average cost of GBX 475 ($6.14) per share, with a total value of £95,000 ($122,866.01).

QinetiQ Group Price Performance

QinetiQ Group stock opened at GBX 465.20 ($6.02) on Friday. The company has a debt-to-equity ratio of 42.47, a quick ratio of 1.15 and a current ratio of 1.15. QinetiQ Group plc has a 52 week low of GBX 292.20 ($3.78) and a 52 week high of GBX 428.40 ($5.54). The stock has a market capitalization of £2.65 billion, a P/E ratio of 1,938.33, a price-to-earnings-growth ratio of 1.47 and a beta of 0.39. The stock has a fifty day moving average of GBX 443.24 and a 200-day moving average of GBX 385.78.

QinetiQ Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, July 25th will be issued a dividend of GBX 5.65 ($0.07) per share. The ex-dividend date is Thursday, July 25th. This represents a dividend yield of 1.51%. This is a boost from QinetiQ Group’s previous dividend of $2.60. QinetiQ Group’s payout ratio is 3,333.33%.

Analyst Upgrades and Downgrades

QQ has been the subject of several research reports. Shore Capital reissued a “buy” rating on shares of QinetiQ Group in a report on Thursday, July 18th. Citigroup reaffirmed a “buy” rating and issued a GBX 530 ($6.85) price objective on shares of QinetiQ Group in a report on Tuesday, June 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 457.50 ($5.92).

About QinetiQ Group

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.