Shore Capital Forecasts Strong Price Appreciation for Kainos Group (LON:KNOS) Stock

Key Points

• Shore Capital has raised its price target for Kainos Group (LON:KNOS) from GBX 1,070 to GBX 1,110, indicating a expected upside of 21.15% from the current price.
• The company currently has a consensus rating of "Buy" and a consensus price target of GBX 1,080, with four analysts rating the stock as a Buy.
• Kainos Group operates in digital technology services and supports custom platforms for various sectors, including public and healthcare, having a market capitalization of £1.09 billion.

Kainos Group (LON:KNOS - Free Report) had its price objective increased by Shore Capital from GBX 1,070 to GBX 1,110 in a report released on Wednesday morning, Marketbeat reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently issued reports on KNOS. Canaccord Genuity Group reiterated a "speculative buy" rating and issued a GBX 1,000 target price on shares of Kainos Group in a research note on Monday, September 1st. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,025 target price on shares of Kainos Group in a research note on Monday, September 1st. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Kainos Group currently has a consensus rating of "Buy" and a consensus price target of GBX 1,080.

Kainos Group Stock Performance

LON KNOS traded up GBX 2 on Wednesday, hitting GBX 894. 287,512 shares of the company's stock traded hands, compared to its average volume of 425,448. 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 has a 1-year low of GBX 580 and a 1-year high of GBX 929. The firm's 50-day moving average price is GBX 747.46 and its two-hundred day moving average price is GBX 727.86. The firm has a market capitalization of £1.07 billion, a PE ratio of 3,170.21, a P/E/G ratio of 2.15 and a beta of 0.79.

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.