Kainos Group (LON:KNOS) Hits New 1-Year High - Should You Buy?

Key Points

• Kainos Group plc shares reached a new 52-week high at GBX 982.50 ($13.07) during trading, reflecting a strong performance in the stock market.
• Research analysts are optimistic about Kainos Group, with three analysts giving it a "Buy" rating and an average price target of GBX 1,041.67.
• The company has a market capitalization of £1.16 billion and operates through multiple segments, focusing on digital technology services in various sectors.

Kainos Group plc (LON:KNOS - Get Free Report) shares hit a new 52-week high during trading on Friday . The stock traded as high as GBX 982.50 ($13.07) and last traded at GBX 982.22 ($13.06), with a volume of 47949 shares traded. The stock had previously closed at GBX 971.50 ($12.92).

Wall Street Analyst Weigh In

Several research analysts have issued reports on KNOS shares. Shore Capital reaffirmed a "buy" rating and set a GBX 1,100 price objective on shares of Kainos Group in a report on Friday, September 19th. Canaccord Genuity Group reaffirmed a "speculative buy" rating and set a GBX 1,000 price objective on shares of Kainos Group in a report on Monday, September 1st. Finally, Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,025 price objective on shares of Kainos Group in a report on Monday, September 1st. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of GBX 1,041.67.

Kainos Group Stock Performance

The stock has a 50 day moving average price of GBX 817.28 and a two-hundred day moving average price of GBX 754.57. The company has a current ratio of 1.81, a quick ratio of 1.59 and a debt-to-equity ratio of 3.76. The company has a market cap of £1.16 billion, a price-to-earnings ratio of 3,471.63, a P/E/G ratio of 2.15 and a beta of 0.79.

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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