Kainos Group (LON:KNOS) Hits New 12-Month High – Should You Buy?

Kainos Group plc (LON:KNOS)’s share price hit a new 52-week high during trading on Tuesday. The stock traded as high as GBX 1,360 and last traded at GBX 1,338, with a volume of 356,502 shares traded. The stock had previously closed at GBX 1,341.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KNOS. Deutsche Bank Aktiengesellschaft lifted their price target on Kainos Group from GBX 920 to GBX 1,260 and gave the company a “hold” rating in a report on Tuesday, August 18th. Berenberg Bank increased their price objective on Kainos Group from GBX 1,185 to GBX 1,330 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Finally, Canaccord Genuity Group increased their price objective on Kainos Group from GBX 1,200 to GBX 1,315 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 1,231.17.

Kainos Group Price Performance

The stock has a market capitalization of £1.55 billion, a PE ratio of 38.35, a P/E/G ratio of 2.15 and a beta of 0.87. The company has a quick ratio of 1.59, a current ratio of 1.17 and a debt-to-equity ratio of 6.11. The stock’s 50-day moving average is GBX 1,233.41 and its 200 day moving average is GBX 925.82.

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.