Kainos Group (LON:KNOS) Sets New 1-Year High – Here’s What Happened

Shares of Kainos Group plc (LON:KNOS) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 1,002 and last traded at GBX 1,002, with a volume of 107073 shares. The stock had previously closed at GBX 966.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Peel Hunt restated an “add” rating and set a GBX 1,100 target price on shares of Kainos Group in a research report on Monday, November 10th. Shore Capital restated a “buy” rating and issued a GBX 1,100 price target on shares of Kainos Group in a report on Tuesday, November 11th. Berenberg Bank lifted their price objective on Kainos Group from GBX 1,025 to GBX 1,185 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Finally, Canaccord Genuity Group upgraded Kainos Group to a “buy” rating and boosted their target price for the stock from GBX 1,000 to GBX 1,500 in a research report on Tuesday, November 11th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 1,221.25.

Kainos Group Trading Up 3.4%

The firm has a market cap of £1.18 billion, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. The business has a 50 day moving average of GBX 931.71 and a 200 day moving average of GBX 809.39. The company has a quick ratio of 1.59, a current ratio of 1.81 and a debt-to-equity ratio of 3.76.

Kainos Group (LON:KNOS) last released its earnings results on Monday, November 10th. The company reported GBX 19.30 earnings per share (EPS) for the quarter. Kainos Group had a net margin of 12.74% and a return on equity of 33.12%. On average, research analysts forecast that Kainos Group plc will post 48.0997625 earnings per share for the current fiscal year.

Kainos Group Company Profile

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.