Kainos Group (LON:KNOS) Stock Crosses Above 50-Day Moving Average - Time to Sell?

Key Points

• Kainos Group's stock price surpassed its 50-day moving average during recent trading, reaching a high of GBX 971 ($13.01) before closing at GBX 963.50 ($12.91).
• Analysts from Berenberg Bank, Canaccord Genuity, and Shore Capital issued buy ratings with price targets ranging from GBX 1,000 to GBX 1,100, indicating a consensus average target price of GBX 1,041.67.
• The company holds a market cap of £1.15 billion and operates in multiple sectors including public, commercial, and healthcare through its Digital Services segment.

Kainos Group plc (LON:KNOS - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 812.84 ($10.89) and traded as high as GBX 971 ($13.01). Kainos Group shares last traded at GBX 963.50 ($12.91), with a volume of 357,153 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Berenberg Bank reiterated a "buy" rating and set a GBX 1,025 price objective on shares of Kainos Group in a research note on Monday, September 1st. Canaccord Genuity Group reaffirmed a "speculative buy" rating and set a GBX 1,000 target price on shares of Kainos Group in a report on Monday, September 1st. Finally, Shore Capital reiterated a "buy" rating and issued a GBX 1,100 price target on shares of Kainos Group in a report on Friday, September 19th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of GBX 1,041.67.

Kainos Group Stock Up 0.2%

The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.59 and a current ratio of 1.81. The firm has a market cap of £1.15 billion, a price-to-earnings ratio of 3,423.76, a PEG ratio of 2.15 and a beta of 0.79. The business's 50 day moving average price is GBX 812.84 and its 200 day moving average price is GBX 752.88.

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.

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