Steve Wadey Purchases 27 Shares of QinetiQ Group plc (LON:QQ) Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey bought 27 shares of the stock in a transaction dated Tuesday, June 10th. The shares were acquired at an average cost of GBX 548 ($7.40) per share, for a total transaction of £147.96 ($199.76).

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

• On Friday, May 9th, Steve Wadey purchased 35 shares of QinetiQ Group stock. The stock was bought at an average price of GBX 428 ($5.78) per share, with a total value of £149.80 ($202.24).

QinetiQ Group Stock Performance

LON QQ opened at GBX 513 ($6.93) on Wednesday. The firm’s 50 day simple moving average is GBX 427.25 and its 200 day simple moving average is GBX 416.07. The firm has a market capitalization of £2.83 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 1.47 and a beta of 0.48. The company has a current ratio of 1.35, a quick ratio of 1.15 and a debt-to-equity ratio of 41.96. QinetiQ Group plc has a 1 year low of GBX 292.20 ($3.94) and a 1 year high of GBX 491 ($6.63).

QinetiQ Group (LON:QQ) last released its earnings results on Thursday, May 22nd. The company reported GBX 26.10 ($0.35) earnings per share for the quarter. QinetiQ Group had a return on equity of 14.98% and a net margin of 7.03%. As a group, research analysts expect that QinetiQ Group plc will post 26.1405108 earnings per share for the current fiscal year.

QinetiQ Group Increases Dividend

The business also recently declared a dividend, which was paid on Monday, April 14th. Stockholders of record on Thursday, April 10th were paid a GBX 7.72 ($0.10) dividend. This is an increase from QinetiQ Group’s previous dividend of $2.80. This represents a dividend yield of 2.29%. The ex-dividend date of this dividend was Thursday, April 10th. QinetiQ Group’s dividend payout ratio (DPR) is presently 33.13%.

Wall Street Analysts Forecast Growth

QQ has been the topic of a number of recent research reports. Berenberg Bank raised their price objective on QinetiQ Group from GBX 500 ($6.75) to GBX 570 ($7.70) and gave the stock a “buy” rating in a research note on Monday, June 2nd. Shore Capital reissued a “hold” rating on shares of QinetiQ Group in a report on Thursday, May 22nd. Finally, Barclays boosted their price target on QinetiQ Group from GBX 535 ($7.22) to GBX 570 ($7.70) and gave the company an “overweight” rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 551.25 ($7.44).

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.