Kainos Group (LON:KNOS) Earns Speculative Buy Rating from Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has reiterated a "speculative buy" rating for Kainos Group (LON:KNOS) with a target price of GBX 1,000, indicating a potential upside of 18.69% from the last close.
• Shore Capital also issued a "buy" rating with a higher target price of GBX 1,070, contributing to an overall average rating of "buy" among four analysts.
• Kainos Group's stock is trading up 19.2% and has a market capitalization of £1.01 billion, with one-year price fluctuations ranging from a low of GBX 580 to a high of GBX 1,068.

Kainos Group (LON:KNOS - Get Free Report)'s stock had its "speculative buy" rating reissued by research analysts at Canaccord Genuity Group in a research report issued on Monday, MarketBeat.com reports. They presently have a GBX 1,000 price objective on the stock. Canaccord Genuity Group's price objective would indicate a potential upside of 16.14% from the stock's current price.

Separately, Shore Capital reaffirmed a "buy" rating and set a GBX 1,070 price objective on shares of Kainos Group in a report on Monday. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kainos Group has a consensus rating of "Buy" and an average target price of GBX 1,070.

Kainos Group Price Performance

Shares of LON KNOS traded up GBX 7 during mid-day trading on Monday, hitting GBX 861. 302,597 shares of the stock were exchanged, compared to its average volume of 375,083. The company has a market cap of £1.03 billion, a P/E ratio of 3,053.19, a PEG ratio of 2.15 and a beta of 0.79. The stock's fifty day simple moving average is GBX 725.90 and its two-hundred day simple moving average is GBX 722.36. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.59 and a current ratio of 1.81. Kainos Group has a twelve month low of GBX 580 and a twelve month high of GBX 955.

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.