Knights Group (LON:KGH) Shares Down 1.5% – What’s Next?

Knights Group Holdings plc (LON:KGH) dropped 1.5% on Friday . The stock traded as low as GBX 160.26 and last traded at GBX 162. Approximately 155,595 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 206,881 shares. The stock had previously closed at GBX 164.50.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group initiated coverage on Knights Group in a research report on Monday, January 12th. They issued a “buy” rating and a GBX 345 target price on the stock. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Knights Group has a consensus rating of “Buy” and an average price target of GBX 345.

Knights Group Stock Performance

The firm has a market cap of £139.27 million, a PE ratio of 128.57 and a beta of 1.46. The firm has a 50-day moving average price of GBX 164.15 and a two-hundred day moving average price of GBX 172.86. The company has a quick ratio of 2.10, a current ratio of 2.53 and a debt-to-equity ratio of 136.39.

About Knights Group

Knights Group Holdings plc provides legal and professional services in the United Kingdom. The company offers business services comprising of banking, commercial, corporate, data protection, debt advisory , dispute resolution, and housing and regeneration. It also offers services in the areas of immigration, licensing and gambling, and employment. In addition, the company provides personal services in the areas of agriculture, charities, conveyancing, family, landed estates, planning, professional discipline, tax and trusts, and wills and estates.