Kainos Group (LON:KNOS) Sets New 12-Month High - Should You Buy?
Shares of Kainos Group (LON:KNOS) hit a new 52-week high at GBX 1,064. Analysts from Berenberg Bank, Canaccord Genuity Group, Shore Capital, and Peel Hunt have given the stock a 'buy' rating with target prices ranging from GBX 1,100 to GBX 1,500. The company has a market cap of £1.25 billion and reported a net margin of 12.74% and a return on equity of 33.12%.
Shares of Kainos Group plc (LON:KNOS - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 1,064 and last traded at GBX 1,064, with a volume of 25151 shares. The stock had previously closed at GBX 1,056.
Analysts Set New Price Targets
Several brokerages have weighed in on KNOS. Berenberg Bank lifted their target price on Kainos Group from GBX 1,025 to GBX 1,185 and gave the company a "buy" rating in a research note on Tuesday, November 11th. Canaccord Genuity Group upgraded shares of Kainos Group to a "buy" rating and lifted their price objective for the company from GBX 1,000 to GBX 1,500 in a research note on Tuesday, November 11th. Shore Capital reiterated a "buy" rating and issued a GBX 1,100 target price on shares of Kainos Group in a research report on Tuesday, November 11th. Finally, Peel Hunt restated an "add" rating and set a GBX 1,100 price target on shares of Kainos Group in a research report on Monday, November 10th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of GBX 1,221.25.
Get Our Latest Analysis on Kainos Group
Kainos Group Price Performance
The company has a 50 day moving average of GBX 958.84 and a two-hundred day moving average of GBX 825.20. The firm has a market cap of £1.25 billion, a P/E ratio of 37.49, a PEG ratio of 2.15 and a beta of 0.79. The company has a quick ratio of 1.59, a current ratio of 1.81 and a debt-to-equity ratio of 3.76.
Kainos Group (LON:KNOS - Get Free Report) last issued its quarterly earnings results on Monday, November 10th. The company reported GBX 19.30 EPS for the quarter. Kainos Group had a net margin of 12.74% and a return on equity of 33.12%. Sell-side analysts expect that Kainos Group plc will post 48.0997625 EPS for the current year.
About Kainos Group
(Get Free Report)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.
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