QinetiQ Group (LON:QQ) Given New GBX 500 Price Target at Berenberg Bank

QinetiQ Group (LON:QQ) had its target price trimmed by Berenberg Bank from GBX 610 ($7.93) to GBX 500 ($6.50) in a research report report published on Tuesday morning, MarketBeat.com reports. The firm currently has a buy rating on the stock.

QQ has been the subject of several other reports. Barclays lifted their price objective on QinetiQ Group from GBX 535 ($6.96) to GBX 570 ($7.41) and gave the stock an “overweight” rating in a report on Monday, March 3rd. Shore Capital reiterated a “buy” rating on shares of QinetiQ Group in a research note on Monday. Finally, JPMorgan Chase & Co. lifted their price objective on QinetiQ Group from GBX 455 ($5.92) to GBX 535 ($6.96) and gave the stock an “overweight” rating in a report on Thursday, December 12th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 533.75 ($6.94).

QinetiQ Group Price Performance

Shares of QQ opened at GBX 395.40 ($5.14) on Tuesday. The company has a market capitalization of £2.18 billion, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48. QinetiQ Group has a twelve month low of GBX 292.20 ($3.80) and a twelve month high of GBX 491 ($6.38). The company has a quick ratio of 1.15, a current ratio of 1.35 and a debt-to-equity ratio of 41.96. The firm has a 50 day moving average of GBX 412.23 and a 200 day moving average of GBX 431.

QinetiQ Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 7th. Investors of record on Thursday, January 9th were issued a GBX 2.80 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, January 9th. This represents a yield of 0.6%. QinetiQ Group’s dividend payout ratio is currently 33.13%.

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.