Steve Wadey Acquires 37 Shares of QinetiQ Group plc (LON:QQ) Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey acquired 37 shares of the stock in a transaction on Thursday, January 9th. The shares were acquired at an average price of GBX 407 ($4.97) per share, with a total value of £150.59 ($183.87).

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

• On Monday, December 9th, Steve Wadey bought 37 shares of QinetiQ Group stock. The shares were acquired at an average price of GBX 408 ($4.98) per share, for a total transaction of £150.96 ($184.32).
• On Monday, November 11th, Steve Wadey purchased 32 shares of QinetiQ Group stock. The stock was bought at an average price of GBX 465 ($5.68) per share, with a total value of £148.80 ($181.68).

QinetiQ Group Stock Performance

QinetiQ Group stock opened at GBX 404.60 ($4.94) on Friday. QinetiQ Group plc has a 1-year low of GBX 292.20 ($3.57) and a 1-year high of GBX 491 ($6.00). The company’s 50-day moving average is GBX 423.99 and its 200 day moving average is GBX 448.22. The firm has a market capitalization of £2.29 billion, a P/E ratio of 1,685.83, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48. The company has a debt-to-equity ratio of 42.47, a current ratio of 1.15 and a quick ratio of 1.15.

QinetiQ Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be paid a dividend of GBX 2.80 ($0.03) per share. This represents a dividend yield of 0.6%. The ex-dividend date is Thursday, January 9th. QinetiQ Group’s dividend payout ratio is currently 3,333.33%.

Wall Street Analyst Weigh In

QQ has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on QinetiQ Group from GBX 455 ($5.56) to GBX 535 ($6.53) and gave the company an “overweight” rating in a research note on Thursday, December 12th. Shore Capital restated a “buy” rating on shares of QinetiQ Group in a research report on Tuesday, October 15th.

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.