JPMorgan Chase & Co. Reaffirms “Neutral” Rating for QinetiQ Group (LON:QQ)

JPMorgan Chase & Co. restated their neutral rating on shares of QinetiQ Group (LON:QQ) in a research report report published on Wednesday, Digital Look reports. JPMorgan Chase & Co. currently has a GBX 300 ($3.92) price target on the stock.

Other equities research analysts have also recently issued research reports about the stock. UBS Group restated a buy rating and set a GBX 285 ($3.72) target price on shares of in a research note on Friday, June 21st. Goldman Sachs Group cut shares of to a sell rating and set a GBX 270 ($3.53) target price on the stock. in a research note on Wednesday, June 5th. Investec cut shares of QinetiQ Group to a hold rating and raised their target price for the stock from GBX 300 ($3.92) to GBX 310 ($4.05) in a research note on Wednesday, April 10th. Credit Suisse Group set a $180.00 target price on shares of Accenture and gave the stock a hold rating in a research note on Friday, June 28th. Finally, Barclays raised their target price on shares of Intuit from $225.00 to $237.00 and gave the stock an equal weight rating in a research note on Friday, May 24th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of GBX 290.83 ($3.80).

LON QQ opened at GBX 275.20 ($3.60) on Wednesday. QinetiQ Group has a 12 month low of GBX 261.10 ($3.41) and a 12 month high of GBX 324.40 ($4.24). The company has a market cap of $1.56 billion and a PE ratio of 13.76. The business’s 50 day moving average price is GBX 284.88. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.22.

The business also recently disclosed a dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 1st will be given a dividend of GBX 4.50 ($0.06) per share. The ex-dividend date is Thursday, August 1st. This represents a dividend yield of 1.47%. This is a boost from QinetiQ Group’s previous dividend of $2.10. QinetiQ Group’s dividend payout ratio (DPR) is presently 0.35%.

In other news, insider Steve Wadey sold 71,197 shares of QinetiQ Group stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of GBX 280 ($3.66), for a total transaction of £199,351.60 ($260,488.17). Also, insider Neil A. Johnson acquired 50,000 shares of QinetiQ Group stock in a transaction dated Wednesday, May 29th. The shares were bought at an average price of GBX 293 ($3.83) per share, for a total transaction of £146,500 ($191,428.20). In the last quarter, insiders have bought 50,206 shares of company stock worth $14,709,659.

About QinetiQ Group

QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and aerospace markets in the United Kingdom and internationally. The company operates through EMEA Services and Global Products segments. It offers de-risk complex aerospace programs by testing system and equipment, air engineering services, aircraft system integration and upgrades, life aircraft support services, unmanned aircraft systems, human factors integration, aero structures, air traffic management, and aircraft mission systems; smart materials, which include acoustic stealth materials, radio frequency stealth materials, and electro-optic stealth materials; and runway debris detection technology, training to experienced pilots and engineers, and safety and environmental management services.

Further Reading: Accumulation/Distribution

Analyst Recommendations for QinetiQ Group (LON:QQ)

Receive News & Ratings for QinetiQ Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QinetiQ Group and related companies with's FREE daily email newsletter.