Kainos Group (LON:KNOS) Sets New 52-Week High - Should You Buy?

Key Points

• Kainos Group shares reached a new 52-week high of GBX 1,200 and last traded at GBX 1,196.73, up substantially from the previous close of GBX 972.50.
• Analyst sentiment remains positive: all five covering analysts rate the stock a “Buy,” with a consensus price target of GBX 1,173.40, slightly below the latest trading price.
• The company reported quarterly revenue of £431.1 million and EPS of GBX 41.60, while its valuation includes a market capitalization of £1.37 billion and a price-to-earnings ratio of 33.74; insider Richard McCann also sold shares worth approximately £5.93 million.

Kainos Group plc (LON:KNOS - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as GBX 1,200 and last traded at GBX 1,196.73, with a volume of 3968033 shares changing hands. The stock had previously closed at GBX 972.50.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KNOS. Stifel Nicolaus reissued a "buy" rating and issued a GBX 1,282 target price on shares of Kainos Group in a research report on Tuesday, April 21st. Shore Capital Group reaffirmed a "buy" rating on shares of Kainos Group in a research report on Monday, April 20th. Canaccord Genuity Group boosted their price target on Kainos Group from GBX 1,150 to GBX 1,200 and gave the company a "buy" rating in a research note on Tuesday, May 19th. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 1,185 price objective on shares of Kainos Group in a report on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of GBX 1,173.40.

Kainos Group Stock Performance

The company has a debt-to-equity ratio of 6.11, a quick ratio of 1.59 and a current ratio of 1.17. The firm's 50 day simple moving average is GBX 832.19 and its 200 day simple moving average is GBX 807.25. The firm has a market capitalization of £1.37 billion, a price-to-earnings ratio of 33.74, a PEG ratio of 2.15 and a beta of 0.83.

Kainos Group (LON:KNOS - Get Free Report) last released its quarterly earnings data on Monday, May 18th. The company reported GBX 41.60 EPS for the quarter. Kainos Group had a net margin of 9.86% and a return on equity of 41.45%. The business had revenue of £431.10 million for the quarter. Sell-side analysts forecast that Kainos Group plc will post 48.0997625 earnings per share for the current fiscal year.

Insider Transactions at Kainos Group

In related news, insider Richard McCann sold 760,911 shares of the business's stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of GBX 779, for a total transaction of £5,927,496.69. 19.72% of the stock is owned by corporate insiders.

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. 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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