QinetiQ Group plc (LON:QQ) Insider Steve Wadey Sells 109,722 Shares

QinetiQ Group plc (LON:QQ) insider Steve Wadey sold 109,722 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of GBX 444 ($5.63), for a total value of £487,165.68 ($617,995.28).

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

• On Monday, June 10th, Steve Wadey bought 32 shares of QinetiQ Group stock. The shares were bought at an average cost of GBX 457 ($5.80) per share, for a total transaction of £146.24 ($185.51).
• On Thursday, May 9th, Steve Wadey acquired 42 shares of QinetiQ Group stock. The stock was acquired at an average cost of GBX 365 ($4.63) per share, for a total transaction of £153.30 ($194.47).
• On Tuesday, April 9th, Steve Wadey acquired 42 shares of QinetiQ Group stock. The stock was acquired at an average cost of GBX 355 ($4.50) per share, for a total transaction of £149.10 ($189.14).

QinetiQ Group Stock Performance

Shares of QQ opened at GBX 450.20 ($5.71) on Friday. 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 stock has a 50 day moving average price of GBX 399.93 and a two-hundred day moving average price of GBX 364.82. The firm has a market capitalization of £2.57 billion, a P/E ratio of 1,875.83, a P/E/G ratio of 1.47 and a beta of 0.39. QinetiQ Group plc has a 52 week low of GBX 292.20 ($3.71) and a 52 week high of GBX 428.40 ($5.43).

QinetiQ Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, July 25th will be issued a dividend of GBX 5.65 ($0.07) per share. This is a positive change from QinetiQ Group’s previous dividend of $2.60. This represents a yield of 1.51%. The ex-dividend date of this dividend is Thursday, July 25th. QinetiQ Group’s payout ratio is currently 3,333.33%.

Wall Street Analysts Forecast Growth

QQ has been the topic of a number of research reports. Shore Capital reaffirmed a “buy” rating on shares of QinetiQ Group in a research note on Thursday, May 23rd. Citigroup reaffirmed a “buy” rating and set a GBX 530 ($6.72) price target on shares of QinetiQ Group in a research note on Tuesday, June 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 457.50 ($5.80).

QinetiQ Group Company Profile

QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and infrastructure markets in the United Kingdom, 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; 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.