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

QinetiQ Group plc (LON:QQ) insider Steve Wadey purchased 37 shares of the stock in a transaction that occurred on Thursday, January 9th. The stock was acquired at an average cost of GBX 407 ($4.97) per share, for a total transaction of £150.59 ($183.85).

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

• On Monday, December 9th, Steve Wadey purchased 37 shares of QinetiQ Group stock. The stock was acquired at an average cost of GBX 408 ($4.98) per share, for a total transaction of £150.96 ($184.30).
• On Monday, November 11th, Steve Wadey acquired 32 shares of QinetiQ Group stock. The stock was purchased at an average cost of GBX 465 ($5.68) per share, for a total transaction of £148.80 ($181.66).

QinetiQ Group Stock Performance

LON QQ opened at GBX 404.60 ($4.94) on Monday. The company has a market cap of £2.29 billion, a P/E ratio of 1,685.83, a P/E/G ratio of 1.47 and a beta of 0.48. The company has a debt-to-equity ratio of 42.47, a quick ratio of 1.15 and a current ratio of 1.15. The business’s 50 day moving average price is GBX 423.99 and its 200-day moving average price is GBX 448.15. QinetiQ Group plc has a fifty-two week low of GBX 292.20 ($3.57) and a fifty-two week high of GBX 491 ($5.99).

QinetiQ Group Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on QQ. Shore Capital reaffirmed a “buy” rating on shares of QinetiQ Group in a research note on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price objective on QinetiQ Group from GBX 455 ($5.55) to GBX 535 ($6.53) and gave the stock an “overweight” rating in a research note on Thursday, December 12th.

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.