Kainos Group (LON:KNOS) Stock Rating Reaffirmed as "Buy" by Canaccord Genuity Group

Key Points

• Canaccord Genuity reaffirmed its Buy rating on Kainos Group and set a 1,500p price target, implying 38.79% upside from the previous close.
• Analyst sentiment is broadly positive: four analysts rate the stock Buy and one rates it Hold, with a consensus “Moderate Buy” rating and an average target of 1,294.40p.
• Kainos reported quarterly EPS of 27.70p and revenue of £268.8 million; separate first-half coverage noted revenue growth of 37% but declining margins.

Kainos Group (LON:KNOS - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Canaccord Genuity Group in a research note issued on Tuesday, Digital Look reports. They currently have a GBX 1,500 price target on the stock. Canaccord Genuity Group's target price suggests a potential upside of 38.79% from the stock's previous close.

KNOS has been the topic of several other reports. Deutsche Bank Aktiengesellschaft upped their price target on Kainos Group from GBX 920 to GBX 1,260 and gave the company a "hold" rating in a research report on Tuesday, August 18th. Berenberg Bank restated a "buy" rating and issued a GBX 1,330 price objective on shares of Kainos Group in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of GBX 1,294.40.

Kainos Group Price Performance

Shares of LON KNOS opened at GBX 1,080.80 on Tuesday. The company has a debt-to-equity ratio of 6.11, a quick ratio of 1.59 and a current ratio of 1.17. Kainos Group has a fifty-two week low of GBX 686 and a fifty-two week high of GBX 1,360. The stock has a market cap of £1.25 billion, a PE ratio of 30.79, a price-to-earnings-growth ratio of 2.15 and a beta of 0.87. The stock has a fifty day moving average of GBX 1,243.77 and a 200-day moving average of GBX 938.98.

Kainos Group (LON:KNOS - Get Free Report) last issued its quarterly earnings data on Monday, November 9th. The company reported GBX 27.70 earnings per share (EPS) for the quarter. Kainos Group had a return on equity of 41.45% and a net margin of 9.86%. The business had revenue of £268.80 million for the quarter. Equities research analysts anticipate that Kainos Group will post 48.10 earnings per share for the current year.

More Kainos Group News

Here are the key news stories impacting Kainos Group this week:

• Positive Sentiment: Kainos reported first-half revenue of £268.8 million, up 37%, with sales driven by government contracts. Sales and profit beat expectations, supporting the growth outlook. Kainos revenue jumps 37% as government contracts drive first-half growth
• Positive Sentiment: Stifel Nicolaus maintained its Buy rating and 1,395p target, citing strong first-half results and growth prospects. Berenberg Bank also reaffirmed Buy, with a 1,330p target. These recommendations provide a positive analyst signal. Stifel rating report Berenberg Bank recommendations
• Negative Sentiment: First-half margins declined, tempering the otherwise strong revenue and profit performance and raising a question about profitability as the business grows. Kainos half-year margins drop but sales and profit beats expectations

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.

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