Kainos Group (LON:KNOS) Shares Up 22.5% - What's Next?

Key Points

• Kainos Group plc experienced a significant share price increase of 22.5%, trading at GBX 866 (approximately $11.69) after reaching a high of GBX 870.50 ($11.76).
• Equities analysts have set new price targets for Kainos Group, with Canaccord Genuity recommending a target of GBX 1,000 and Shore Capital setting a target of GBX 1,070, both maintaining a "buy" rating.
• The company's market capitalization stands at £1.04 billion, and it has a debt-to-equity ratio of 3.76, indicating financial stability compared to its equity base.

Kainos Group plc (LON:KNOS - Get Free Report) shares shot up 22.5% during mid-day trading on Monday . The stock traded as high as GBX 870.50 ($11.66) and last traded at GBX 866 ($11.60). 1,323,183 shares traded hands during trading, an increase of 259% from the average session volume of 368,477 shares. The stock had previously closed at GBX 707 ($9.47).

Analyst Ratings Changes

Several research firms have recently issued reports on KNOS. Berenberg Bank restated a "buy" rating and set a GBX 1,025 price objective on shares of Kainos Group in a report on Monday. Canaccord Genuity Group reaffirmed a "speculative buy" rating and set a GBX 1,000 price objective on shares of Kainos Group in a research note on Monday. Finally, Shore Capital reiterated a "buy" rating and set a GBX 1,070 target price on shares of Kainos Group in a research report on Monday. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of GBX 1,070.

Kainos Group Stock Up 0.8%

The company has a market cap 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 business has a fifty day simple moving average of GBX 723.68 and a two-hundred day simple moving average of GBX 721.40. The company has a current ratio of 1.81, a quick ratio of 1.59 and a debt-to-equity ratio of 3.76.

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.