Berenberg Bank Cuts QinetiQ Group (LON:QQ) Price Target to GBX 500

QinetiQ Group (LON:QQ) had its price target decreased by Berenberg Bank from GBX 610 ($7.91) to GBX 500 ($6.48) in a report issued on Tuesday, Marketbeat.com reports. Berenberg Bank currently has a buy rating on the stock.

A number of other equities analysts have also issued reports on the stock. Barclays raised their price target on shares of QinetiQ Group from GBX 535 ($6.94) to GBX 570 ($7.39) and gave the stock an “overweight” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. raised their price target on shares of QinetiQ Group from GBX 455 ($5.90) to GBX 535 ($6.94) and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Shore Capital reissued a “buy” rating on shares of QinetiQ Group in a research report on Monday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 533.75 ($6.92).

QinetiQ Group Stock Performance

QQ opened at GBX 379.20 ($4.92) on Tuesday. QinetiQ Group has a 12-month low of GBX 292.20 ($3.79) and a 12-month high of GBX 491 ($6.37). The company has a current ratio of 1.35, a quick ratio of 1.15 and a debt-to-equity ratio of 41.96. The firm has a market capitalization of £2.09 billion, a PE ratio of 15.70, a P/E/G ratio of 1.47 and a beta of 0.48. The firm has a 50 day moving average of GBX 411.38 and a two-hundred day moving average of GBX 430.39.

QinetiQ Group Cuts Dividend

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

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.