QinetiQ Group plc (LON:QQ) announced a dividend on Thursday, November 16th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, January 11th will be paid a dividend of GBX 2.10 ($0.03) per share on Friday, February 9th. This represents a yield of 0.98%. The ex-dividend date of this dividend is Thursday, January 11th. The official announcement can be viewed at this link.
Shares of QinetiQ Group (LON:QQ) traded up GBX 0.80 ($0.01) during trading on Friday, reaching GBX 212.50 ($2.88). 2,658,081 shares of the company’s stock traded hands, compared to its average volume of 1,720,000. The company has a market capitalization of $1,210.00 and a PE ratio of 885.42. QinetiQ Group has a 1 year low of GBX 195.10 ($2.65) and a 1 year high of GBX 322.90 ($4.38).
Several analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of QinetiQ Group to an “overweight” rating and set a GBX 290 ($3.93) price objective on the stock in a research note on Monday, October 2nd. Liberum Capital reissued a “hold” rating and set a GBX 230 ($3.12) price target on shares of QinetiQ Group in a research note on Friday, January 12th. Barclays decreased their price target on shares of QinetiQ Group from GBX 285 ($3.86) to GBX 265 ($3.59) and set an “overweight” rating on the stock in a research note on Tuesday, November 21st. Finally, Berenberg Bank raised shares of QinetiQ Group to a “buy” rating and decreased their price target for the company from GBX 310 ($4.20) to GBX 235 ($3.19) in a research note on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. QinetiQ Group currently has a consensus rating of “Hold” and a consensus target price of GBX 247.60 ($3.36).
In other QinetiQ Group news, insider Michael Harper acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average cost of GBX 204 ($2.77) per share, for a total transaction of £10,200 ($13,832.38). Insiders have bought 5,265 shares of company stock worth $1,080,096 over the last three months.
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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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