QinetiQ Group plc (LON:QQ) Insider Steve Wadey Acquires 43 Shares

Posted by Defense World Staff on Apr 13th, 2023

QinetiQ Group plc (LON:QQ – Get Rating) insider Steve Wadey acquired 43 shares of the firm’s stock in a transaction dated Tuesday, April 11th. The stock was purchased at an average cost of GBX 345 ($4.27) per share, with a total value of £148.35 ($183.72).

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

On Thursday, February 9th, Steve Wadey acquired 44 shares of QinetiQ Group stock. The stock was acquired at an average price of GBX 341 ($4.22) per share, with a total value of £150.04 ($185.81).

QinetiQ Group Stock Performance

QQ opened at GBX 341 ($4.22) on Thursday. The company has a market capitalization of £1.97 billion, a price-to-earnings ratio of 1,103.87, a P/E/G ratio of 1.47 and a beta of 0.48. The business’s 50-day moving average price is GBX 336.12 and its two-hundred day moving average price is GBX 344.53. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.47 and a quick ratio of 1.15. QinetiQ Group plc has a 1 year low of GBX 3.47 ($0.04) and a 1 year high of GBX 396.20 ($4.91).

QinetiQ Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 3rd. Shareholders of record on Thursday, January 5th were given a dividend of GBX 2.40 ($0.03) per share. The ex-dividend date was Thursday, January 5th. This represents a yield of 0.66%. QinetiQ Group’s dividend payout ratio (DPR) is presently 2,258.06%.

Analysts Set New Price Targets

A number of research firms recently commented on QQ. Jefferies Financial Group lowered QinetiQ Group to a “hold” rating in a research note on Wednesday, February 1st. Barclays reiterated an “overweight” rating and issued a GBX 465 ($5.76) target price on shares of QinetiQ Group in a research report on Thursday, December 15th. Berenberg Bank cut their target price on QinetiQ Group from GBX 440 ($5.45) to GBX 430 ($5.33) and set a “buy” rating on the stock in a research note on Tuesday, February 28th. Finally, Numis Securities reaffirmed a “buy” rating and set a GBX 460 ($5.70) target price on shares of QinetiQ Group in a research note on Thursday, February 16th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 441.25 ($5.46).

About QinetiQ Group

(Get Rating)

QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and infrastructure markets in the United States, Australia, Europe, and internationally. The company operates through EMEA Services and Global Products 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; maritime 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.