Kainos Group (LON:KNOS) Price Target Raised to GBX 1,315

Kainos Group (LON:KNOS) had its target price boosted by stock analysts at Canaccord Genuity Group from GBX 1,200 to GBX 1,315 in a report released on Wednesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 8.61% from the stock’s previous close.

Several other analysts have also weighed in on the company. Berenberg Bank boosted their price objective on Kainos Group from GBX 1,185 to GBX 1,330 and gave the company a “buy” rating in a report on Wednesday. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 1,282 target price on shares of Kainos Group in a report on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Kainos Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,231.17.

Kainos Group Trading Up 2.1%

LON KNOS opened at GBX 1,210.76 on Wednesday. Kainos Group has a 12 month low of GBX 686 and a 12 month high of GBX 1,216. The company has a debt-to-equity ratio of 6.11, a current ratio of 1.17 and a quick ratio of 1.59. The company has a market capitalization of £1.40 billion, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 2.15 and a beta of 0.83. The company’s fifty day moving average price is GBX 839.35 and its two-hundred day moving average price is GBX 809.11.

Kainos Group (LON:KNOS) last issued 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, research analysts predict that Kainos Group 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 business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of GBX 779, for a total transaction 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.