Kainos Group’s (KNOS) “Buy” Rating Reiterated at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Kainos Group (LON:KNOS) in a research report sent to investors on Tuesday morning, Marketbeat reports.

Several other equities research analysts have also recently weighed in on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,415 ($17.41) target price on shares of Kainos Group in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Kainos Group from GBX 1,235 ($15.20) to GBX 1,185 ($14.58) and set a “buy” rating for the company in a research note on Tuesday, September 17th.

Kainos Group Stock Down 1.3 %

Shares of LON KNOS opened at GBX 739 ($9.09) on Tuesday. Kainos Group has a 52-week low of GBX 726 ($8.93) and a 52-week high of GBX 1,288 ($15.85). The firm has a market capitalization of £929.96 million, a price-to-earnings ratio of 1,894.87, a PEG ratio of 2.15 and a beta of 0.79. The stock has a 50 day moving average price of GBX 802.49 and a 200 day moving average price of GBX 917.81. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.59 and a current ratio of 1.81.

Kainos Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 21st were issued a dividend of GBX 9.30 ($0.11) per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a yield of 1.17%. Kainos Group’s dividend payout ratio is currently 6,923.08%.

About Kainos Group

Kainos Group plc engages in the provision of digital technology services in the United Kingdom, Ireland, North America, Central Europe, and internationally. It operates through three segments: Digital Services, Workday Services, and Workday Products. The Digital Services segment develops and supports custom digital service platforms for transforming service delivery in public, commercial, and healthcare sectors.