Kainos Group (LON:KNOS) Sets New 1-Year High - Time to Buy?

Key Points

• Shares of Kainos Group plc recently reached a new 52-week high of GBX 932 ($12.52) during trading, up from a previous closing price of GBX 894 ($12.01).
• Equities analysts are optimistic about the stock, with Canaccord Genuity, Berenberg Bank, and Shore Capital all issuing buy ratings and setting target prices between GBX 1,000 and GBX 1,100.
• Kainos Group operates in the digital technology sector, providing services across multiple regions, with a current market capitalization of £1.11 billion.

Shares of Kainos Group plc (LON:KNOS - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 932 ($12.52) and last traded at GBX 932 ($12.52), with a volume of 507110 shares traded. The stock had previously closed at GBX 894 ($12.01).

Wall Street Analysts Forecast Growth

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

Kainos Group Stock Performance

The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.59. The business has a 50-day moving average of GBX 781.53 and a 200-day moving average of GBX 742.11. The company has a market capitalization of £1.11 billion, a P/E ratio of 3,292.95, a P/E/G ratio of 2.15 and a beta of 0.79.

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.

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