Berenberg Bank Reaffirms “Buy” Rating for Kainos Group (LON:KNOS)

Kainos Group (LON:KNOS)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a research note issued to investors on Monday,Digital Look reports. They currently have a GBX 1,025 ($13.52) target price on the stock. Berenberg Bank’s price objective indicates a potential upside of 46.74% from the stock’s previous close.

KNOS has been the subject of a number of other research reports. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 1,000 ($13.19) price target on shares of Kainos Group in a research report on Friday, March 14th. Shore Capital reaffirmed a “buy” rating on shares of Kainos Group in a research report on Friday, February 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,052.50 ($13.88).

Kainos Group Trading Up 3.3 %

Kainos Group stock traded up GBX 22 ($0.29) during trading hours on Monday, reaching GBX 698.50 ($9.21). The company had a trading volume of 983,260 shares, compared to its average volume of 388,184. The firm has a market cap of £882.28 million, a price-to-earnings ratio of 18.30, a P/E/G ratio of 2.15 and a beta of 0.79. Kainos Group has a 12-month low of GBX 580 ($7.65) and a 12-month high of GBX 1,288 ($16.98). The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.59. The company has a 50-day moving average price of GBX 709.32 and a 200 day moving average price of GBX 774.76.

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.