Kainos Group (LON:KNOS) Hits New 12-Month High - Here's What Happened

Key Points

• Kainos Group plc's shares reached a new 52-week high of GBX 920 ($12.46) during trading, indicating strong market performance.
• Several analysts have rated Kainos Group as a "buy", with target prices ranging from GBX 1,000 to GBX 1,070, suggesting positive growth expectations.
• The company operates in digital technology services across various sectors, including public, commercial, and healthcare, with a market capitalization of £1.09 billion.

Kainos Group plc (LON:KNOS - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 920 ($12.48) and last traded at GBX 916.05 ($12.43), with a volume of 295294 shares. The stock had previously closed at GBX 895 ($12.14).

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Shore Capital raised their target price on shares of Kainos Group from GBX 1,070 to GBX 1,110 and gave the stock a "buy" rating in a report on Wednesday. Canaccord Genuity Group reissued a "speculative buy" rating and set a GBX 1,000 target price on shares of Kainos Group in a report on Monday, September 1st. Finally, Berenberg Bank reissued a "buy" rating and set a GBX 1,025 target price on shares of Kainos Group in a report on Monday, September 1st. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kainos Group has a consensus rating of "Buy" and a consensus price target of GBX 1,080.

Kainos Group Trading Up 0.2%

The company has a market cap of £1.07 billion, a price-to-earnings ratio of 3,170.21, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. The company has a quick ratio of 1.59, a current ratio of 1.81 and a debt-to-equity ratio of 3.76. The company's 50-day moving average is GBX 744.29 and its 200 day moving average is GBX 727.18.

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.