QinetiQ Group plc (LON:QQ) Insider Steve Wadey Sells 155,335 Shares

QinetiQ Group plc (LON:QQ) insider Steve Wadey sold 155,335 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of GBX 442 ($5.59), for a total transaction of £686,580.70 ($868,429.93).

Steve Wadey also recently made the following trade(s):

• On Tuesday, June 25th, Steve Wadey sold 109,722 shares of QinetiQ Group stock. The stock was sold at an average price of GBX 444 ($5.62), for a total transaction of £487,165.68 ($616,197.42).
• On Monday, June 10th, Steve Wadey acquired 32 shares of QinetiQ Group stock. The shares were acquired at an average cost of GBX 457 ($5.78) per share, with a total value of £146.24 ($184.97).
• On Thursday, May 9th, Steve Wadey acquired 42 shares of QinetiQ Group stock. The shares were acquired at an average cost of GBX 365 ($4.62) per share, with a total value of £153.30 ($193.90).
• On Tuesday, April 9th, Steve Wadey acquired 42 shares of QinetiQ Group stock. The shares were acquired at an average cost of GBX 355 ($4.49) per share, with a total value of £149.10 ($188.59).

QinetiQ Group Trading Up 2.3 %

Shares of QQ stock opened at GBX 449 ($5.68) on Thursday. QinetiQ Group plc has a 12-month low of GBX 292.20 ($3.70) and a 12-month high of GBX 428.40 ($5.42). The company has a market capitalization of £2.56 billion, a P/E ratio of 1,828.33, a P/E/G ratio of 1.47 and a beta of 0.39. The firm has a 50-day moving average price of GBX 408.28 and a 200 day moving average price of GBX 369.08. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 42.47.

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 given a GBX 5.65 ($0.07) dividend. This represents a yield of 1.51%. The ex-dividend date of this dividend is Thursday, July 25th. This is a boost from QinetiQ Group’s previous dividend of $2.60. QinetiQ Group’s dividend payout ratio (DPR) is presently 3,333.33%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on QQ. Shore Capital reaffirmed a “buy” rating on shares of QinetiQ Group in a report on Thursday, May 23rd. Citigroup reissued a “buy” rating and set a GBX 530 ($6.70) price target on shares of QinetiQ Group in a report on Tuesday, June 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 457.50 ($5.79).

QinetiQ Group Company Profile

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.