QinetiQ Group plc (LON:QQ) insider Steve Wadey sold 148,502 shares of QinetiQ Group stock in a transaction on Thursday, June 21st. The stock was sold at an average price of GBX 268 ($3.57), for a total transaction of £397,985.36 ($529,870.00).
Shares of LON:QQ opened at GBX 270 ($3.59) on Friday. QinetiQ Group plc has a 12 month low of GBX 190.30 ($2.53) and a 12 month high of GBX 322.90 ($4.30).
The business also recently declared a dividend, which will be paid on Friday, August 31st. Investors of record on Thursday, August 2nd will be paid a dividend of GBX 4.20 ($0.06) per share. This is a positive change from QinetiQ Group’s previous dividend of $2.10. This represents a yield of 1.64%. The ex-dividend date of this dividend is Thursday, August 2nd.
QQ has been the subject of several recent analyst reports. Liberum Capital reaffirmed a “hold” rating on shares of QinetiQ Group in a research report on Friday, March 23rd. JPMorgan Chase & Co. lifted their price target on shares of QinetiQ Group from GBX 255 ($3.40) to GBX 260 ($3.46) and gave the stock a “neutral” rating in a research note on Wednesday, April 25th. Finally, Berenberg Bank lowered shares of QinetiQ Group to a “hold” rating in a research note on Friday, June 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. QinetiQ Group has an average rating of “Hold” and a consensus price target of GBX 258.60 ($3.44).
About QinetiQ Group
QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and aerospace markets in the United Kingdom and internationally. The company operates through EMEA Services and Global Products segments. It offers de-risk complex aerospace programs by testing system and equipment, air engineering services, aircraft system integration and upgrades, aircraft support services, unmanned aircraft systems, human factors integration, aero structures, air traffic management, and aircraft mission systems; smart materials, which include acoustic stealth materials, radio frequency (RF) stealth materials, and electro-optic (EO) stealth materials; and runway debris detection technology, training to experienced pilots and engineers, and safety and environmental management services.
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