Shore Capital Reiterates “Buy” Rating for Kainos Group (LON:KNOS)

Kainos Group (LON:KNOS)‘s stock had its “buy” rating reissued by analysts at Shore Capital in a research report issued on Monday,London Stock Exchange reports.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 1,000 ($13.30) target price on shares of Kainos Group in a research note on Friday, March 14th. Berenberg Bank restated a “buy” rating and issued a GBX 1,025 ($13.63) target price on shares of Kainos Group in a research report on Monday, April 14th.

Kainos Group Stock Down 7.6%

Shares of KNOS traded down GBX 61.50 ($0.82) during trading hours on Monday, hitting GBX 752 ($10.00). The company had a trading volume of 763,383 shares, compared to its average volume of 372,661. Kainos Group has a one year low of GBX 580 ($7.71) and a one year high of GBX 1,288 ($17.13). The company’s fifty day moving average price is GBX 708.17 and its two-hundred day moving average price is GBX 759.48. The company has a market capitalization of £949.86 million, a PE ratio of 19.71, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. The company has a current ratio of 1.81, a quick ratio of 1.59 and a debt-to-equity ratio of 3.76.

Kainos Group (LON:KNOS) last announced its quarterly earnings data on Monday, May 19th. The company reported GBX 38.60 ($0.51) earnings per share for the quarter. Kainos Group had a net margin of 12.74% and a return on equity of 33.12%. As a group, equities analysts forecast that Kainos Group will post 48.0997625 earnings per share for the current fiscal year.

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.