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QQ. Qinetiq Group Plc

446.20
-0.60 (-0.13%)
Last Updated: 09:20:04
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Qinetiq Group Plc LSE:QQ. London Ordinary Share GB00B0WMWD03 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.60 -0.13% 446.20 137,805 09:20:04
Bid Price Offer Price High Price Low Price Open Price
445.80 446.80 447.60 442.60 445.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security Systems Service 1.91B 139.6M 0.2453 18.21 2.54B
Last Trade Time Trade Type Trade Size Trade Price Currency
09:19:59 AT 374 446.20 GBX

Qinetiq (QQ.) Latest News (2)

Qinetiq (QQ.) Discussions and Chat

Qinetiq Forums and Chat

Date Time Title Posts
11/10/202408:36QinetiQ with Charts & News1,653
18/8/200911:04Bargain?5
04/6/200914:41QinetiQ Group plc - who's arming with them?972
04/6/200618:25QuinetiQ - Diluting the shareholding?7
11/5/200608:30QinetiQ-IPO=$$$ for PI's6

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Qinetiq (QQ.) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:19:59446.203741,668.79AT
08:19:59446.40184821.38AT
08:19:59446.40224999.94AT
08:19:59446.0093414.78AT
08:19:59446.0089396.94AT

Qinetiq (QQ.) Top Chat Posts

Top Posts
Posted at 11/10/2024 09:20 by Qinetiq Daily Update
Qinetiq Group Plc is listed in the Security Systems Service sector of the London Stock Exchange with ticker QQ.. The last closing price for Qinetiq was 446.80p.
Qinetiq currently has 569,080,599 shares in issue. The market capitalisation of Qinetiq is £2,542,652,116.
Qinetiq has a price to earnings ratio (PE ratio) of 18.21.
This morning QQ. shares opened at 445p
Posted at 11/10/2024 08:36 by faz
Says everything about the current market that such news does not lead to a price rise.
Posted at 17/9/2024 16:33 by faz
well these city people have got to be cynical I suppose. I know what QQ does for a living but it'll make that living without the killing of civilians thats flying around the middle east right now. I hope a peace deal does come.
Posted at 23/7/2024 16:04 by suetballs
Nice 20k share purchase by NED.
Suet
Posted at 22/7/2024 15:44 by someuwin
QinetiQ's growth outpacing defense budget, says Berenberg in stock rating

Published 07/22/2024, 03:38 AM

On Monday, Berenberg increased its price target on Qinetiq Group (LSE:QQ) (OTC: QNTQY) to £5.50, up from the previous £4.45, while reiterating a Buy rating on the stock.

The firm's confidence in the company's performance has been bolstered following a recent teach-in with Qinetiq's CEO and interim-CFO, which took place after the company's first-quarter trading update on July 18.

The analyst noted that the insights gained from the teach-in have strengthened their belief in Qinetiq's ability to grow faster than the overall defence budget. The company appears to be well-positioned to achieve its mid-term guidance, according to the analyst's observations.

During the session with the company's executives, it was highlighted that Qinetiq is adjusting its capital allocation strategy to prioritize shareholder returns. This shift is seen as a positive move, likely contributing to the analyst's decision to raise the price target.

Qinetiq Group, which operates in the defence sector, has been the subject of analytical focus due to its performance and strategy. The updated price target reflects a more optimistic outlook on the company's future financial prospects and its commitment to delivering value to its shareholders.

In other recent news, Qinetiq Group has caught the attention of Citi, which has increased its price target for the company's shares to GBP5.30, up from the prior GBP4.57.

The change is attributed to Qinetiq Group's strong commitment to shareholder returns, robust growth in its main business, and a favorable defense spending environment. The company's leadership has demonstrated a willingness to distribute capital to shareholders, mitigating concerns about potential high-cost acquisitions.

Analysts have expressed optimism about Qinetiq Group's FY24 free cash flow figures, expecting the company's strong cash generation to persist in the medium term and provide flexibility for additional capital returns.

Qinetiq Group's strategy also involves aiming for high single-digit top-line growth to hit their FY27 sales target of £2.4 billion. Given these recent developments, Citi continues to recommend investors to buy Qinetiq Group's stocks and has raised its price target accordingly.
Posted at 19/7/2024 13:14 by martinmc123
QinetiQ Group plc posted a Q1 trading update for the 3 months ended 30 June 2024 yesterday. The business is on track to deliver FY25 expectations, consensus is currently looking for top line growth a little over 7% with statutory profit growth of around 28%. Order intake performance was good with revenue under contract for the full year increasing to 73%, up from 64% at April 2024. Management also expressed confidence in delivering the FY27 target of c.£2.4bn of organic revenue at c.12% margin and compelling value for our shareholders. So more decent top line growth and at healthy and slightly widening margins. Valuation remains attractive with forward PE ratio at 14.4x top quartile for the Aerospace & Defence market. The Group’s balance sheet also remains solid, while the share price is in an uptrend with decent positive momentum. BUY....

...from WealthOracle

wealthoracle.co.uk/detailed-result-full/QQ./843
Posted at 31/5/2024 16:22 by indiestu
Following results the share price has likely exceeded the maximum price they were prepared to pay per share. It makes no sense to keep buying at high prices. The cash available will be better utilised to raise the dividend or pay down some debt. Basic stuff really but good management all the same. I love this company.
Posted at 30/4/2024 16:18 by kibes
Shell and BP have been buying back shares for 25 years and it has never done anything for their share prices, which have gone nowhere over that period. How long term are you thinking?
Posted at 29/4/2024 08:51 by kibes
So. They have bought back their own shares every day since the 8th February, when the price was 360p. And where is the share price now? 344p. They are just blowing the money away.
Posted at 16/4/2024 09:46 by kibes
Before the share buyback the company had an enterprise value plus cash. After the buyback the enterprise value is exactly the same but the cash has gone. Just disappeared into thin air. Who thinks this a good idea? And did the share price go up?
Posted at 12/4/2024 09:30 by kibes
So much for the continuous share buybacks they are doing nothing for the share price at all. They are just pouring away cash which could have been given to shareholders in dividends or otherwise saved for investment in new products (like Dragonfire - it is ridiculous it won't be ready for 3 years).
Qinetiq share price data is direct from the London Stock Exchange

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