Kainos Group (LON:KNOS) Trading 21.7% Higher - Here's What Happened

Key Points

• Kainos Group plc's stock surged by 21.7%, reaching a last trading price of GBX 860.50 ($11.62), significantly above its previous close of GBX 707 ($9.55).
• Analysts maintain a positive outlook, with Shore Capital and Canaccord Genuity Group issuing "buy" ratings and price targets of GBX 1,070 and GBX 1,000, respectively.
• The company's current market cap stands at £1.03 billion, with a P/E ratio of 3,051.42 and a quick ratio of 1.59, indicating solid financial health despite its high valuation metrics.

Kainos Group plc (LON:KNOS - Get Free Report)'s stock price traded up 21.7% on Monday . The company traded as high as GBX 868 ($11.72) and last traded at GBX 860.50 ($11.62). 3,206,368 shares traded hands during trading, an increase of 744% from the average session volume of 379,686 shares. The stock had previously closed at GBX 707 ($9.55).

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Shore Capital reaffirmed a "buy" rating and set a GBX 1,070 price objective on shares of Kainos Group in a research report on Monday. Canaccord Genuity Group reiterated a "speculative buy" rating and set a GBX 1,000 price target on shares of Kainos Group in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kainos Group presently has an average rating of "Buy" and an average price target of GBX 1,070.

Kainos Group Trading Up 21.7%

The firm has a market cap of £1.03 billion, a PE ratio of 3,051.42, a P/E/G ratio of 2.15 and a beta of 0.79. The company's fifty day moving average price is GBX 719.04 and its two-hundred day moving average price is GBX 719.97. The company has a quick ratio of 1.59, a current ratio of 1.81 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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