Steve Wadey Acquires 37 Shares of QinetiQ Group plc (LON:QQ) Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey acquired 37 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were bought at an average cost of GBX 408 ($5.17) per share, for a total transaction of £150.96 ($191.36).

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

• On Monday, November 11th, Steve Wadey bought 32 shares of QinetiQ Group stock. The stock was acquired at an average price of GBX 465 ($5.89) per share, for a total transaction of £148.80 ($188.62).
• On Wednesday, October 9th, Steve Wadey bought 33 shares of QinetiQ Group stock. The stock was acquired at an average price of GBX 459 ($5.82) per share, for a total transaction of £151.47 ($192.00).

QinetiQ Group Price Performance

Shares of QinetiQ Group stock opened at GBX 409.40 ($5.19) on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 42.47. The firm has a market capitalization of £2.31 billion, a PE ratio of 1,705.83, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48. The business’s 50-day moving average price is GBX 444.36 and its 200-day moving average price is GBX 451.15. QinetiQ Group plc has a 12 month low of GBX 292.20 ($3.70) and a 12 month high of GBX 491 ($6.22).

QinetiQ Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be issued a dividend of GBX 2.80 ($0.04) per share. This represents a yield of 0.6%. The ex-dividend date of this dividend is Thursday, January 9th. QinetiQ Group’s dividend payout ratio is presently 3,333.33%.

Wall Street Analysts Forecast Growth

QQ has been the topic of a number of research analyst reports. Shore Capital restated a “buy” rating on shares of QinetiQ Group in a research note on Tuesday, October 15th. JPMorgan Chase & Co. increased their price objective on QinetiQ Group from GBX 455 ($5.77) to GBX 535 ($6.78) and gave the company an “overweight” rating in a research report on Thursday.

QinetiQ Group Company Profile

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.