Liberum Capital reiterated their hold rating on shares of QinetiQ Group (LON:QQ) in a research report sent to investors on Thursday, November 16th. Liberum Capital currently has a GBX 270 ($3.63) price objective on the stock.
Other research analysts have also issued research reports about the company. Barclays upgraded QinetiQ Group to an overweight rating and set a GBX 285 ($3.84) target price for the company in a research report on Thursday, August 17th. Goldman Sachs Group decreased their target price on QinetiQ Group from GBX 255 ($3.43) to GBX 253 ($3.41) and set a sell rating for the company in a research report on Thursday, July 20th. Finally, J P Morgan Chase & Co decreased their target price on QinetiQ Group from GBX 295 ($3.97) to GBX 290 ($3.90) and set a neutral rating for the company in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. QinetiQ Group has a consensus rating of Hold and a consensus price target of GBX 260.50 ($3.51).
QinetiQ Group (QQ) traded down GBX 0.30 ($0.00) during mid-day trading on Thursday, reaching GBX 215.20 ($2.90). The company’s stock had a trading volume of 2,173,557 shares, compared to its average volume of 2,340,000. QinetiQ Group has a 52 week low of GBX 195.10 ($2.63) and a 52 week high of GBX 322.90 ($4.35).
The business also recently disclosed a dividend, which will be paid on Friday, February 9th. Investors of record on Thursday, January 11th will be given a dividend of GBX 2.10 ($0.03) per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a yield of 0.98%.
In other QinetiQ Group news, insider Michael Harper bought 5,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were purchased at an average price of GBX 204 ($2.75) per share, with a total value of £10,200 ($13,728.13). Also, insider Susan Searle bought 7,500 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were acquired at an average cost of GBX 224 ($3.01) per share, for a total transaction of £16,800 ($22,611.04). Insiders have purchased a total of 21,691 shares of company stock valued at $4,761,796 in the last 90 days.
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About QinetiQ Group
QinetiQ Group plc is a science and engineering company operating in the defense, security and aerospace markets. The Company’s segments include EMEA Services and Global Products. The EMEA Services segment provides technical assurance, test and evaluation, and training services. It provides research and advice in specialist areas, such as concept of command, control, communications, computers, intelligence, surveillance and reconnaissance, weapons and energetics, cyber security and procurement advisory services.
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