Berenberg Bank Reaffirms "Buy" Rating for Kainos Group (LON:KNOS)

Key Points

• Berenberg Bank has reaffirmed a "Buy" rating for Kainos Group (LON:KNOS), with a price target of GBX 1,025, suggesting a potential upside of 19.74% from the current price.
• Other analysts, including Canaccord Genuity and Shore Capital, have also given Kainos Group ratings ranging from "speculative buy" to "buy", with target prices of GBX 1,000 and GBX 1,070, respectively.
• As of Monday, Kainos Group's stock was down 1.2% at GBX 856, marking a performance within a 52-week range of GBX 580 to GBX 970.

Kainos Group (LON:KNOS - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Berenberg Bank in a research note issued on Monday,Digital Look reports. They presently have a GBX 1,025 price objective on the stock. Berenberg Bank's price objective would indicate a potential upside of 19.74% from the stock's current price.

A number of other research analysts also recently commented on the company. Canaccord Genuity Group reaffirmed a "speculative buy" rating and issued a GBX 1,000 price target on shares of Kainos Group in a research note on Monday. Shore Capital reaffirmed a "buy" rating and issued a GBX 1,070 price target on shares of Kainos Group in a research note on Monday. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Kainos Group currently has an average rating of "Buy" and an average target price of GBX 1,070.

Kainos Group Stock Down 1.2%

KNOS stock opened at GBX 856 on Monday. The company has a market cap of £1.03 billion, a PE ratio of 3,035.46, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. The business has a 50-day simple moving average of GBX 721.54 and a 200 day simple moving average of GBX 720.47. Kainos Group has a 52 week low of GBX 580 and a 52 week high of GBX 970. 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 Company Profile

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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