Kainos Group (LON:KNOS) Sets New 52-Week High – Should You Buy?

Kainos Group plc (LON:KNOS) shares hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 1,200 and last traded at GBX 1,196.73, with a volume of 3968033 shares. The stock had previously closed at GBX 972.50.

Analysts Set New Price Targets

KNOS has been the subject of several recent research reports. Stifel Nicolaus reiterated a “buy” rating and set a GBX 1,282 price target on shares of Kainos Group in a research report on Tuesday, April 21st. Shore Capital Group restated a “buy” rating on shares of Kainos Group in a research report on Monday, April 20th. Canaccord Genuity Group raised their price objective on shares of Kainos Group from GBX 1,150 to GBX 1,200 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,185 target price on shares of Kainos Group in a report on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kainos Group currently has a consensus rating of “Buy” and an average target price of GBX 1,173.40.

Kainos Group Stock Performance

The business’s 50-day simple moving average is GBX 832.19 and its two-hundred day simple moving average is GBX 807.25. The firm has a market cap of £1.37 billion, a price-to-earnings ratio of 33.74, a P/E/G ratio of 2.15 and a beta of 0.83. The company has a quick ratio of 1.59, a current ratio of 1.17 and a debt-to-equity ratio of 6.11.

Kainos Group (LON:KNOS) last posted its earnings results on Monday, May 18th. The company reported GBX 41.60 earnings per share (EPS) for the quarter. Kainos Group had a net margin of 9.86% and a return on equity of 41.45%. The business had revenue of £431.10 million for the quarter. As a group, sell-side analysts expect that Kainos Group plc will post 48.0997625 earnings per share for the current fiscal year.

Insider Buying and Selling at Kainos Group

In related news, insider Richard McCann sold 760,911 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of GBX 779, for a total value of £5,927,496.69. 19.72% of the stock is currently owned by corporate insiders.

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. The Workday Services segment provides consulting, project management, integration, and post deployment services for Workday’s software suite, which includes cloud-based software for human capital management, and financial management, and adaptive planning.