QinetiQ Group (QQ) Given New GBX 300 Price Target at JPMorgan Chase & Co.

QinetiQ Group (LON:QQ) had its price objective boosted by JPMorgan Chase & Co. from GBX 270 ($3.53) to GBX 300 ($3.92) in a research note published on Thursday morning, ThisIsMoney.Co.Uk reports. They currently have a neutral rating on the stock.

A number of other brokerages have also recently commented on QQ. Investec cut QinetiQ Group to a hold rating and upped their price target for the company from GBX 300 ($3.92) to GBX 310 ($4.05) in a research report on Wednesday, April 10th. UBS Group reaffirmed a sell rating on shares of QinetiQ Group in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company has an average rating of Hold and an average price target of GBX 284 ($3.71).

QQ stock opened at GBX 303 ($3.96) on Thursday. QinetiQ Group has a 1-year low of GBX 227.90 ($2.98) and a 1-year high of GBX 315.20 ($4.12). The firm has a market capitalization of $1.70 billion and a price-to-earnings ratio of 13.90.

The company also recently declared 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. This represents a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, August 1st. This is a boost from QinetiQ Group’s previous dividend of $2.10. QinetiQ Group’s dividend payout ratio is currently 0.28%.

QinetiQ Group Company Profile

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.

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Analyst Recommendations for QinetiQ Group (LON:QQ)

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