Kainos Group (LON:KNOS) Trading 19.9% Higher - Still a Buy?

Key Points

• Kainos Group plc shares surged 19.9% on Monday, reaching a high of GBX 856.50 ($11.57) and closing at GBX 847.50 ($11.44) after trading 2,970,262 shares, significantly above the average volume.
• Analysts have given Kainos Group a consensus rating of “Buy” with price targets ranging from GBX 1,000 to GBX 1,070, reflecting optimism about its future performance.
• The company has a market capitalization of £1.02 billion and is engaged in providing digital technology services across various sectors, including public, commercial, and healthcare.

Kainos Group plc (LON:KNOS - Get Free Report) shot up 19.9% during mid-day trading on Monday . The company traded as high as GBX 856.50 ($11.51) and last traded at GBX 847.50 ($11.39). 2,970,262 shares were traded during trading, an increase of 685% from the average session volume of 378,281 shares. The stock had previously closed at GBX 707 ($9.50).

Analyst Upgrades and Downgrades

KNOS has been the subject of several research reports. Canaccord Genuity Group restated a "speculative buy" rating and issued a GBX 1,000 price target on shares of Kainos Group in a research note on Monday. Berenberg Bank reissued a "buy" rating and issued a GBX 1,025 target price on shares of Kainos Group in a research report on Monday. Finally, Shore Capital reaffirmed a "buy" rating and set a GBX 1,070 price objective on shares of Kainos Group in a report on Monday. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of GBX 1,070.

Kainos Group Price Performance

The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.59. The stock has a market capitalization of £1.03 billion, a PE ratio of 3,053.19, a P/E/G ratio of 2.15 and a beta of 0.79. The firm's 50 day simple moving average is GBX 725.90 and its 200 day simple moving average is GBX 722.36.

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.