Kainos Group plc (LON:KNOS) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts rate Kainos Group “Moderate Buy”: Five of six covering brokerages recommend buying the stock, while one has a hold rating. The average 12-month price target is GBX 1,231.17.
• Several firms recently raised their targets, including Canaccord Genuity to GBX 1,315, Deutsche Bank to GBX 1,260, and Berenberg to GBX 1,330.
• KNOS opened at GBX 1,186, up 1.0%, with a £1.37 billion market capitalization; an insider also sold 760,911 shares for approximately £5.93 million.

Kainos Group plc (LON:KNOS - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 1,231.17.

KNOS has been the topic of several research reports. Canaccord Genuity Group upped their price target on Kainos Group from GBX 1,200 to GBX 1,315 and gave the company a "buy" rating in a report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft raised their price objective on Kainos Group from GBX 920 to GBX 1,260 and gave the stock a "hold" rating in a research note on Tuesday, August 18th. Finally, Berenberg Bank lifted their target price on Kainos Group from GBX 1,185 to GBX 1,330 and gave the stock a "buy" rating in a report on Wednesday, August 19th.

Kainos Group Stock Up 1.0%

KNOS stock opened at GBX 1,186 on Friday. The firm has a market cap of £1.37 billion, a PE ratio of 33.79, a P/E/G ratio of 2.15 and a beta of 0.87. Kainos Group has a 12 month low of GBX 686 and a 12 month high of GBX 1,294. The company has a debt-to-equity ratio of 6.11, a current ratio of 1.17 and a quick ratio of 1.59. The firm has a 50 day simple moving average of GBX 995.52 and a 200 day simple moving average of GBX 865.84.

Insider Buying and Selling at Kainos Group

In related news, insider Richard McCann sold 760,911 shares of Kainos Group stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of GBX 779, for a total value of £5,927,496.69. 19.72% of the stock is owned by company insiders.

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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