QinetiQ Group (QQ.)

Sector:

Defense and Aeronautics

Index:

FTSE 250

438.60p
   
  • Change Today:
    -10.80p
  • 52 Week High: 459.00
  • 52 Week Low: 292.80
  • Currency: UK Pounds
  • Shares Issued: 570.42m
  • Volume: 1,244,890
  • Market Cap: £2,501.87m

FTSE 250 movers: G4S secures gains, Indivior in freefall

By Duncan Ferris

Date: Wednesday 10 Apr 2019

LONDON (ShareCast) - (Sharecast News) - London's FTSE 250 index was 0.21% higher at 19,473.92 in afternoon trade on Wednesday, with G4S leading the index upwards.
Shares in the security services firm gained ground amid speculation that Canadian rival GardaWorld might be looking to buy the group for about £3bn.

Jefferies analysts quoted in the Financial Times said: "GardaWorld is executing an aggressive roll-up strategy under an extremely ambitious management team and deal size is increasing as they were linked with a $2.0bn-$2.5bn offer for Constellis [formerly known as Blackwater] last year."

Recruiter PageGroup was in the green as it reported an 11.7% rise in first-quarter gross profit to £208m, with solid UK and German growth offsetting a slowdown in China over trade war fears.

Homewares retailer Dunelm also rallied as it said total like-for-like revenue for the third quarter increased by 12.5%, continuing the growth trend from the first half of the year.

Analysts at Edison Investment Research said: "Dunelm has delivered a knockout third quarter trading performance. Strategically, Dunelm has been vindicated in its focus on the core business; management expects year pre-tax profit to be slightly ahead of the top end of current market consensus."

On the downside, Indivior was the biggest loser, tumbling 70% after the US Department of Justice charged the company with engaging in a fraudulent marketing scheme to boost prescriptions of its opioid addiction treatment, Suboxone Film.

A grand jury in the Western District of Virginia said the company had "illegally obtained billions of dollars in revenue from Suboxone film prescriptions by deceiving healthcare providers and healthcare benefit programmes into believing that Suboxone film is safer and less susceptible to diversion and abuse than other, similar drugs", leaving Indivior potentially liable for $3bn in damages.

Shares in Stagecoach fell after the transport operator announced that it has been disqualified from three major rail contract bids due to risks concerning pension funding over the life of the franchises.

Finally, Qinetiq was knocked lower by a downgrade to 'hold' from 'buy' at Investec after the defence technology outfit announced that its QinetiQ Pension Scheme has completed its first bulk annuity insurance buy-in for approximately £690m, while Hochschild Mining dropped after JPMorgan cut the stock's price target from 160p to 150p.

Market Movers

FTSE 250 (MCX) 19,473.92 0.21%


FTSE 250 - Risers

G4S (GFS) 215.00p 16.44%
Pagegroup (PAGE) 521.50p 5.74%
Safestore Holdings (SAFE) 622.00p 3.49%
Contour Global (GLO) 202.00p 3.27%
Inchcape (INCH) 588.00p 3.07%
Amigo Holdings (AMGO) 240.00p 3.00%
Sophos Group (SOPH) 342.80p 2.88%
Dunelm Group (DNLM) 888.50p 2.72%
Energean Oil & Gas (ENOG) 793.00p 2.19%
FirstGroup (FGP) 98.85p 2.17%

FTSE 250 - Fallers

Indivior (INDV) 37.06p -65.02%
Stagecoach Group (SGC) 122.81p -7.87%
Plus500 Ltd (DI) (PLUS) 717.00p -5.28%
Saga (SAGA) 56.95p -4.04%
QinetiQ Group (QQ.) 295.60p -3.08%
Funding Circle Holdings (FCH) 313.88p -2.97%
Vesuvius (VSVS) 606.69p -2.46%
Ascential (ASCL) 353.40p -2.27%
Hochschild Mining (HOC) 200.20p -2.05%
Meggitt (MGGT) 511.20p -1.88%

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

QinetiQ Group Market Data

Currency UK Pounds
Share Price 438.60p
Change Today -10.80p
% Change -2.40 %
52 Week High 459.00
52 Week Low 292.80
Volume 1,244,890
Shares Issued 570.42m
Market Cap £2,501.87m

QinetiQ Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.13% below the market average70.13% below the market average70.13% below the market average70.13% below the market average70.13% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
84.32% above the market average84.32% above the market average84.32% above the market average84.32% above the market average84.32% above the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Income
31.15% below the market average31.15% below the market average31.15% below the market average31.15% below the market average31.15% below the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Growth
12.71% above the market average12.71% above the market average12.71% above the market average12.71% above the market average12.71% above the market average
40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average

What The Brokers Say

Strong Buy 4
Buy 2
Neutral 2
Sell 0
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

QinetiQ Group Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Jul-24 03-Jan-24
Paid 22-Aug-24 02-Feb-24
Amount 5.65p 2.60p

Trades for 14-Jun-2024

Time Volume / Share Price
16:36 879 @ 438.60p
16:35 1,849 @ 438.60p
16:35 2,272 @ 438.60p
16:35 1,466 @ 438.60p
16:35 553,029 @ 438.60p

QinetiQ Group Key Personnel

CEO Steve Wadey
Chair Neil A Johnson

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