Kainos Group (LON:KNOS) Stock Price Up 22.5% - Here's What Happened

Key Points

• Kainos Group plc saw its stock price surge by 22.5% on Monday, reaching a high of GBX 870.50 ($11.76) from a previous close of GBX 707 ($9.55).
• The average price target from analysts for Kainos Group is GBX 1,070, with multiple firms maintaining a "buy" or "speculative buy" rating.
• Kainos Group operates across several regions and focuses on providing digital technology services across various industries including public, commercial, and healthcare sectors.

Kainos Group plc (LON:KNOS - Get Free Report)'s stock price rose 22.5% on Monday . The company traded as high as GBX 870.50 ($11.76) and last traded at GBX 866 ($11.69). Approximately 1,323,183 shares traded hands during mid-day trading, an increase of 259% from the average daily volume of 368,477 shares. The stock had previously closed at GBX 707 ($9.55).

Analyst Upgrades and Downgrades

KNOS has been the subject of a number of research reports. Shore Capital restated a "buy" rating and issued a GBX 1,070 target price on shares of Kainos Group in a research note on Monday. Canaccord Genuity Group restated a "speculative buy" rating and issued 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 an average rating of "Buy" and an average price target of GBX 1,070.

Kainos Group Stock Performance

The company has a quick ratio of 1.59, a current ratio of 1.81 and a debt-to-equity ratio of 3.76. The firm has a market cap of £1.04 billion, a P/E ratio of 3,070.92, a PEG ratio of 2.15 and a beta of 0.79. The firm has a fifty day moving average of GBX 719.04 and a 200-day moving average of GBX 719.97.

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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