QinetiQ Group (LON:QQ) Share Price Crosses Above 200-Day Moving Average of $338.47

QinetiQ Group plc (LON:QQ) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 338.47 ($4.21) and traded as high as GBX 349.40 ($4.35). QinetiQ Group shares last traded at GBX 333.60 ($4.15), with a volume of 3,445,919 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price objective on QinetiQ Group from GBX 440 ($5.48) to GBX 445 ($5.54) and gave the stock a “buy” rating in a research report on Monday, January 22nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 443.40 ($5.52).

QinetiQ Group Stock Performance

The firm has a fifty day moving average of GBX 363.19 and a 200-day moving average of GBX 338.56. The stock has a market capitalization of £1.93 billion, a price-to-earnings ratio of 1,865.56, a PEG ratio of 1.47 and a beta of 0.38. The company has a quick ratio of 1.15, a current ratio of 1.24 and a debt-to-equity ratio of 39.57.

QinetiQ Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 2nd. Investors of record on Thursday, January 4th were issued a dividend of GBX 2.60 ($0.03) per share. The ex-dividend date was Thursday, January 4th. This represents a yield of 0.74%. QinetiQ Group’s dividend payout ratio is presently 4,444.44%.

About QinetiQ Group

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.