Kainos Group (LON:KNOS) Share Price Crosses Above Fifty Day Moving Average - Should You Sell?

Key Points

• Kainos shares crossed above their 50-day moving average
• Five brokers rate the stock a Buy with a consensus price target of GBX 1,163.40 (individual targets up to GBX 1,282), signaling bullish analyst expectations.
• Key fundamentals: market cap £950.74M, P/E 32.77 and PEG 2.15, but the stock remains below its 200-day MA (GBX 891.12) and shows a debt-to-equity of 5.05 with modest liquidity (quick ratio 1.59, current ratio 1.23).

Kainos Group plc (LON:KNOS - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 777.75 and traded as high as GBX 846. Kainos Group shares last traded at GBX 813.84, with a volume of 1,087,232 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KNOS. Canaccord Genuity Group restated a "buy" rating and issued a GBX 1,150 price target on shares of Kainos Group in a research note on Wednesday, March 4th. Berenberg Bank reiterated a "buy" rating and set a GBX 1,185 price target on shares of Kainos Group in a research report on Tuesday, April 21st. Shore Capital Group restated a "buy" rating on shares of Kainos Group in a research report on Monday, April 20th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a GBX 1,282 target price on shares of Kainos Group in a research note on Tuesday, April 21st. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of GBX 1,163.40.

Kainos Group Trading Down 0.0%

The firm has a market cap of £950.74 million, a price-to-earnings ratio of 32.77, a price-to-earnings-growth ratio of 2.15 and a beta of 0.74. The company's 50-day moving average price is GBX 777.75 and its 200-day moving average price is GBX 891.12. The company has a quick ratio of 1.59, a current ratio of 1.23 and a debt-to-equity ratio of 5.05.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.