QinetiQ Group (LON:QQ) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of QinetiQ Group plc (LON:QQ) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 429.82 ($5.57) and traded as high as GBX 536.96 ($6.96). QinetiQ Group shares last traded at GBX 514 ($6.67), with a volume of 4,583,781 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have commented on QQ. Barclays boosted 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. upped 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 reiterated a “buy” rating on shares of QinetiQ Group in a research note on Tuesday, January 21st.

QinetiQ Group Stock Performance

The company has a market cap of £2.84 billion, a P/E ratio of 21.33, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48. The stock has a 50 day moving average price of GBX 406.08 and a two-hundred day moving average price of GBX 430.76. The company has a quick ratio of 1.15, a current ratio of 1.35 and a debt-to-equity ratio of 41.96.

QinetiQ Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 7th. Shareholders of record on Thursday, January 9th were given a dividend of GBX 2.80 ($0.04) per share. This represents a yield of 0.6%. The ex-dividend date was Thursday, January 9th. 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.