QinetiQ Group plc (LON:QQ) insider Michael Harper acquired 5,000 shares of QinetiQ Group stock in a transaction dated Monday, November 20th. The shares were bought at an average cost of GBX 204 ($2.75) per share, with a total value of £10,200 ($13,728.13).
Shares of QinetiQ Group plc (LON:QQ) traded up GBX 1.14 ($0.02) during trading hours on Wednesday, hitting GBX 216.34 ($2.91). The stock had a trading volume of 2,160,000 shares, compared to its average volume of 2,400,000. QinetiQ Group plc has a 12 month low of GBX 195.10 ($2.63) and a 12 month high of GBX 322.90 ($4.35).
The firm also recently declared a dividend, which will be paid on Friday, February 9th. Stockholders of record on Thursday, January 11th will be given a GBX 2.10 ($0.03) dividend. This represents a dividend yield of 0.98%. The ex-dividend date is Thursday, January 11th.
A number of analysts have recently issued reports on QQ shares. Barclays upgraded QinetiQ Group to an “overweight” rating and set a GBX 285 ($3.84) target price for the company in a report on Thursday, August 17th. Berenberg Bank upgraded QinetiQ Group to a “buy” rating and reduced their target price for the company from GBX 310 ($4.17) to GBX 235 ($3.16) in a report on Wednesday, November 22nd. Liberum Capital reiterated a “hold” rating and set a GBX 270 ($3.63) price objective on shares of QinetiQ Group in a report on Friday, September 29th. Finally, J P Morgan Chase & Co downgraded shares of QinetiQ Group to a “neutral” rating and lowered their target price for the stock from GBX 290 ($3.90) to GBX 255 ($3.43) in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. QinetiQ Group currently has a consensus rating of “Hold” and an average target price of GBX 260.50 ($3.51).
About QinetiQ Group
QinetiQ Group plc is a science and engineering company operating in the defense, security and aerospace markets. The Company’s segments include EMEA Services and Global Products. The EMEA Services segment provides technical assurance, test and evaluation, and training services. It provides research and advice in specialist areas, such as concept of command, control, communications, computers, intelligence, surveillance and reconnaissance, weapons and energetics, cyber security and procurement advisory services.
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