Kainos Group (LON:KNOS) Trading 22.5% Higher - Still a Buy?

Key Points

• Kainos Group's stock price surged 22.5% during trading, reaching as high as GBX 870.50 ($11.76) from a previous close of GBX 707 ($9.55).
• Analysts have issued positive ratings, with price targets of GBX 1,000 and GBX 1,070, contributing to an average consensus rating of "Buy".
• The company, which specializes in digital technology services, has a significant market cap of £1.04 billion and operates across various segments, including Digital Services and Workday Products.

Kainos Group plc (LON:KNOS - Get Free Report)'s stock price traded up 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). 1,323,183 shares were traded during mid-day trading, an increase of 259% from the average session volume of 368,477 shares. The stock had previously closed at GBX 707 ($9.55).

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Canaccord Genuity Group reaffirmed a "speculative buy" rating and issued a GBX 1,000 price target on shares of Kainos Group in a report on Monday. Shore Capital reaffirmed a "buy" rating and issued a GBX 1,070 price target on shares of Kainos Group in a report on Monday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Kainos Group presently has an average rating of "Buy" and a consensus price target of GBX 1,070.

Kainos Group Stock Performance

The firm has a 50 day simple moving average of GBX 719.04 and a 200-day simple moving average of GBX 719.97. 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 company has a market cap of £1.04 billion, a price-to-earnings ratio of 3,070.92, a PEG 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.

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