Knights Group (LON:KGH) Stock Price Down 0.3% – Here’s Why

Knights Group Holdings plc (LON:KGH)’s share price traded down 0.3% during mid-day trading on Monday. The company traded as low as GBX 167.45 and last traded at GBX 168.50. Approximately 111,094 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 197,893 shares. The stock had previously closed at GBX 169.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 355 price objective on shares of Knights Group in a research report on Friday, August 21st. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Knights Group currently has an average rating of “Buy” and an average price target of GBX 261.67.

Knights Group Price Performance

The firm has a fifty day moving average price of GBX 172.14 and a two-hundred day moving average price of GBX 174.34. The company has a debt-to-equity ratio of 116.67, a quick ratio of 2.10 and a current ratio of 2.26. The stock has a market capitalization of £144.85 million, a P/E ratio of 32.34 and a beta of 1.46.

Knights Group (LON:KGH) last released its quarterly earnings results on Monday, July 6th. The company reported GBX 28.14 earnings per share for the quarter. Knights Group had a net margin of 2.28% and a return on equity of 4.58%. As a group, analysts expect that Knights Group Holdings plc will post 22.0875439 EPS for the current fiscal year.

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.