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

Key Points

• Kainos Group plc's share price surged 22.5% on Monday, reaching a high of GBX 870.50 and closing at GBX 866, significantly increasing trading volume by 259% compared to the average.
• Analysts from Canaccord Genuity and Shore Capital maintained a buy rating, setting price targets at GBX 1,000 and GBX 1,070, respectively, contributing to a consensus rating of "Buy" among four analysts.
• The company's market capitalization stands at £1.04 billion with a notable P/E ratio of 3,070.92, indicating high investor interest despite potential volatility.

Kainos Group plc (LON:KNOS - Get Free Report)'s share price rose 22.5% during trading on Monday . The stock 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 trading, an increase of 259% from the average daily volume of 368,477 shares. The stock had previously closed at GBX 707 ($9.55).

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KNOS shares. Canaccord Genuity Group reiterated a "speculative buy" rating and issued a GBX 1,000 target price on shares of Kainos Group in a research report on Monday. Shore Capital reiterated a "buy" rating and issued 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 MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of GBX 1,070.

Kainos Group Stock Up 22.5%

The stock's 50-day moving average is GBX 719.04 and its 200-day moving average is GBX 719.97. The stock has a market cap of £1.04 billion, a P/E ratio of 3,070.92, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. The company has a current ratio of 1.81, a quick ratio of 1.59 and a debt-to-equity ratio of 3.76.

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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