Kainos Group (LON:KNOS) Trading 22.5% Higher - What's Next?

Key Points

• Kainos Group plc experienced a significant stock increase of 22.5%, reaching a trading price of GBX 866 ($11.69) amidst a trading volume surge of 259% compared to its average session volume.
• Analysts have issued optimistic price targets for Kainos, with Canaccord Genuity setting a target of GBX 1,000 and Shore Capital at GBX 1,070, reflecting a consensus "Buy" rating among four analysts.
• The company's market capitalization stands at £1.04 billion, with various financial ratios indicating its position, including a price-to-earnings ratio of 3,070.92 and a debt-to-equity ratio of 3.76.

Kainos Group plc (LON:KNOS - Get Free Report) 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 research analysts have 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 research report on Monday. Shore Capital reaffirmed a "buy" rating and issued a GBX 1,070 price target 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 Price Performance

The company has a market cap of £1.04 billion, a price-to-earnings ratio of 3,070.92, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. The company has a fifty day moving average price of GBX 719.04 and a two-hundred day moving average price of GBX 719.97. The company has a current ratio of 1.81, a quick ratio of 1.59 and a debt-to-equity ratio of 3.76.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.