Kainos Group (LON:KNOS) Shares Up 19.1% - Time to Buy?

Key Points

• Kainos Group plc shares surged 19.1% to GBX 842.32 ($11.37) on Monday, significantly increasing trading volume to 2,747,874 shares, marking a 629% rise from the average session volume.
• Analysts generally have a positive outlook on Kainos Group, with four research firms reiterating buy ratings and price targets ranging from GBX 1,000 to GBX 1,070.
• The company, which provides digital technology services across multiple sectors, has a market cap of £1.02 billion and a high P/E ratio of 2,998.60, indicating potential volatility or growth expectations.

Shares of Kainos Group plc (LON:KNOS - Get Free Report) rose 19.1% on Monday . The company traded as high as GBX 846 ($11.37) and last traded at GBX 842.32 ($11.32). Approximately 2,747,874 shares traded hands during trading, an increase of 629% from the average daily volume of 376,957 shares. The stock had previously closed at GBX 707 ($9.50).

Wall Street Analyst Weigh In

KNOS has been the topic of a number of recent research reports. Shore Capital restated a "buy" rating and set a GBX 1,070 target price on shares of Kainos Group in a research note on Monday. Berenberg Bank restated a "buy" rating and set a GBX 1,025 target price on shares of Kainos Group in a research note on Monday. Finally, Canaccord Genuity Group restated a "speculative buy" rating and set a GBX 1,000 target price on shares of Kainos Group in a research note on Monday. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of GBX 1,070.

Kainos Group Price Performance

The company has a market capitalization of £1.03 billion, a PE ratio of 3,053.19, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. 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 company's 50 day simple moving average is GBX 725.90 and its 200 day simple moving average is GBX 722.36.

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.