QinetiQ Group (LON:QQ) Given Buy Rating at Citigroup

Citigroup reaffirmed their buy rating on shares of QinetiQ Group (LON:QQ) in a research note issued to investors on Tuesday morning, Marketbeat.com reports. The brokerage currently has a GBX 530 ($6.75) target price on the stock.

Separately, Shore Capital reiterated a buy rating on shares of QinetiQ Group in a report on Thursday, May 23rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, QinetiQ Group has a consensus rating of Moderate Buy and an average price target of GBX 457.50 ($5.83).

QinetiQ Group Stock Down 2.4 %

Shares of QinetiQ Group stock opened at GBX 438.60 ($5.59) on Tuesday. The stock has a market capitalization of £2.50 billion, a P/E ratio of 1,872.50, a PEG ratio of 1.47 and a beta of 0.39. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 42.47. The stock has a 50 day moving average price of GBX 380.21 and a two-hundred day moving average price of GBX 354.76. QinetiQ Group has a 12-month low of GBX 292.20 ($3.72) and a 12-month high of GBX 428.40 ($5.46).

QinetiQ Group Increases Dividend

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

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.