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

Shore Capital reiterated their buy rating on shares of QinetiQ Group (LON:QQ) in a research report sent to investors on Tuesday morning, Marketbeat reports.

Separately, JPMorgan Chase & Co. raised their target price on shares of QinetiQ Group from GBX 455 ($5.62) to GBX 535 ($6.61) and gave the stock an “overweight” rating in a report on Thursday, December 12th.

QinetiQ Group Price Performance

QQ opened at GBX 382.40 ($4.72) on Tuesday. The company has a fifty day moving average price of GBX 414.57 and a two-hundred day moving average price of GBX 445.49. The firm has a market capitalization of £2.16 billion, a PE ratio of 1,593.33, a P/E/G ratio of 1.47 and a beta of 0.48. QinetiQ Group has a 52 week low of GBX 292.20 ($3.61) and a 52 week high of GBX 491 ($6.06). The company has a debt-to-equity ratio of 42.47, a quick ratio of 1.15 and a current ratio of 1.15.

QinetiQ Group (LON:QQ) last issued 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 return on equity of 14.74% and a net margin of 7.30%. As a group, analysts anticipate that QinetiQ Group will post 26.1405108 earnings per share for the current year.

QinetiQ Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be paid 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%.

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.