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Kainos Group (LON:KNOS) Shares Up 22.5% - Should You Buy?

Kainos Group logo with Computer and Technology background

Key Points

  • Kainos Group plc (LON:KNOS) shares surged by 22.5% to a trading price of GBX 866 ($11.73) during mid-day on Tuesday, significantly increasing trading volume by 259%.
  • Several analysts have maintained a buy rating on Kainos Group, with Shore Capital setting a price target of GBX 1,070 and Canaccord Genuity at GBX 1,000.
  • Despite the recent surge, the stock is showing a 1.2% decline and has a market capitalization of £1.03 billion, with financial ratios indicating high values such as a P/E ratio of 3,035.46.
  • MarketBeat previews the top five stocks to own by October 1st.

Kainos Group plc (LON:KNOS - Get Free Report) traded up 22.5% during mid-day trading on Tuesday . The company traded as high as GBX 870.50 ($11.70) and last traded at GBX 866 ($11.64). 1,323,183 shares traded hands during mid-day trading, an increase of 259% from the average session volume of 368,477 shares. The stock had previously closed at GBX 707 ($9.50).

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Shore Capital restated a "buy" rating and set a GBX 1,070 price target on shares of Kainos Group in a research report on Monday. Berenberg Bank restated a "buy" rating and set a GBX 1,025 target price on shares of Kainos Group in a report on Monday. Finally, Canaccord Genuity Group reiterated a "speculative buy" rating and set a GBX 1,000 price target on shares of Kainos Group in a research note on Monday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kainos Group presently has an average rating of "Buy" and an average target price of GBX 1,070.

Get Our Latest Report on Kainos Group

Kainos Group Stock Up 0.8%

The firm's fifty day simple moving average is GBX 725.90 and its 200 day simple moving average is GBX 722.36. The company has a current ratio of 1.81, a quick ratio of 1.59 and a debt-to-equity ratio of 3.76. The company has a market cap of £1.03 billion, a price-to-earnings ratio of 3,053.19, a PEG ratio of 2.15 and a beta of 0.79.

Kainos Group Company Profile

(Get Free Report)

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.

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