QinetiQ Group plc (LON:QQ) to Issue Dividend of GBX 5.65

QinetiQ Group plc (LON:QQ) declared a dividend on Thursday, May 23rd, Upcoming.Co.Uk reports. Investors of record on Thursday, July 25th will be paid a dividend of GBX 5.65 ($0.07) per share on Thursday, August 22nd. This represents a yield of 1.51%. The ex-dividend date of this dividend is Thursday, July 25th. This is a positive change from QinetiQ Group’s previous dividend of $2.60. The official announcement can be accessed at this link.

QinetiQ Group Stock Performance

QQ opened at GBX 475.80 ($6.15) on Wednesday. The company has a debt-to-equity ratio of 42.47, a current ratio of 1.15 and a quick ratio of 1.15. QinetiQ Group has a 1-year low of GBX 292.20 ($3.78) and a 1-year high of GBX 428.40 ($5.54). The company has a 50 day simple moving average of GBX 438.96 and a two-hundred day simple moving average of GBX 384.59. The firm has a market cap of £2.71 billion, a P/E ratio of 1,982.50, a PEG ratio of 1.47 and a beta of 0.39.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, insider Steve Wadey sold 155,335 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of GBX 442 ($5.72), for a total value of £686,580.70 ($887,972.97). In related news, insider Steve Wadey sold 155,335 shares of QinetiQ Group stock in a transaction dated Monday, July 1st. The stock was sold at an average price of GBX 442 ($5.72), for a total value of £686,580.70 ($887,972.97). Also, insider Ross McEwan CBE acquired 20,000 shares of the firm’s stock in a transaction on Monday, July 22nd. The shares were bought at an average price of GBX 475 ($6.14) per share, for a total transaction of £95,000 ($122,866.01). Insiders have bought a total of 20,107 shares of company stock valued at $9,545,035 in the last quarter. 12.00% of the stock is currently owned by insiders.

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.