QinetiQ Group’s (QQ) “Buy” Rating Reiterated at Shore Capital

Shore Capital restated their buy rating on shares of QinetiQ Group (LON:QQ) in a report published on Tuesday, Marketbeat Ratings reports.

Separately, JPMorgan Chase & Co. boosted their target price on shares of QinetiQ Group from GBX 455 ($5.61) to GBX 535 ($6.60) and gave the company an “overweight” rating in a report on Thursday, December 12th.

QinetiQ Group Price Performance

QQ stock opened at GBX 420.60 ($5.19) on Tuesday. The firm has a market cap of £2.38 billion, a price-to-earnings ratio of 1,752.50, a PEG ratio of 1.47 and a beta of 0.48. 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 has a 12-month low of GBX 292.20 ($3.60) and a 12-month high of GBX 491 ($6.05). The company’s fifty day simple moving average is GBX 417.73 and its 200 day simple moving average is GBX 446.32.

QinetiQ Group (LON:QQ) last released its earnings results on Thursday, November 14th. The company reported GBX 14.20 ($0.18) earnings per share (EPS) for the quarter. QinetiQ Group had a net margin of 7.30% and a return on equity of 14.74%. On average, analysts expect that QinetiQ Group will post 26.1405108 earnings per share for the current year.

QinetiQ Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be issued a dividend of GBX 2.80 ($0.03) per share. The ex-dividend date is Thursday, January 9th. This represents a dividend yield of 0.6%. QinetiQ Group’s dividend payout ratio is currently 3,333.33%.

About QinetiQ Group

QinetiQ Group plc operates as a science and engineering company in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally. The company operates through EMEA Services and Global Solutions 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.