QinetiQ Group plc (LON:QQ) Insider Acquires £150.59 in Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey acquired 37 shares of the business’s stock in a transaction dated Thursday, January 9th. The shares were bought at an average price of GBX 407 ($5.01) per share, with a total value of £150.59 ($185.30).

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

• On Monday, December 9th, Steve Wadey bought 37 shares of QinetiQ Group stock. The shares were bought at an average cost of GBX 408 ($5.02) per share, for a total transaction of £150.96 ($185.75).
• On Monday, November 11th, Steve Wadey bought 32 shares of QinetiQ Group stock. The stock was acquired at an average price of GBX 465 ($5.72) per share, with a total value of £148.80 ($183.09).

QinetiQ Group Stock Up 1.3 %

Shares of QinetiQ Group stock traded up GBX 5.40 ($0.07) during trading on Friday, hitting GBX 411 ($5.06). 1,189,894 shares of the stock traded hands, compared to its average volume of 88,555. The stock has a market cap of £2.32 billion, a P/E ratio of 1,712.50, a PEG ratio of 1.47 and a beta of 0.48. The company has a fifty day moving average price of GBX 424.95 and a two-hundred day moving average price of GBX 448.45. QinetiQ Group plc has a twelve month low of GBX 292.20 ($3.60) and a twelve month high of GBX 491 ($6.04). 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 Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be issued a dividend of GBX 2.80 ($0.03) per share. The ex-dividend date is Thursday, January 9th. This represents a dividend yield of 0.6%. QinetiQ Group’s dividend payout ratio is currently 3,333.33%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on QQ shares. Shore Capital reaffirmed a “buy” rating on shares of QinetiQ Group in a research note on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price objective on shares of QinetiQ Group from GBX 455 ($5.60) to GBX 535 ($6.58) and gave the company an “overweight” rating in a research report on Thursday, December 12th.

QinetiQ Group Company Profile

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