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

Key Points

• Kainos Group plc saw a significant share price increase of 22.5%, reaching a last traded value of GBX 866 ($11.69), following a trading surge with over 1.3 million shares changing hands.
• Several research firms, including Shore Capital and Canaccord Genuity, have maintained positive ratings, with average price targets set around GBX 1,070.
• The company has a market capitalization of £1.04 billion and operates in multiple sectors, including Digital and Workday Services.

Shares of Kainos Group plc (LON:KNOS - Get Free Report) shot up 22.5% during mid-day trading on Monday . The company traded as high as GBX 870.50 ($11.70) and last traded at GBX 866 ($11.64). 1,323,183 shares traded hands during trading, an increase of 259% from the average session volume of 368,477 shares. The stock had previously closed at GBX 707 ($9.50).

Analyst Ratings Changes

A number of research firms have recently issued reports on KNOS. Berenberg Bank reiterated a "buy" rating and set a GBX 1,025 price target on shares of Kainos Group in a research report on Monday. Shore Capital reiterated a "buy" rating and set a GBX 1,070 price target on shares of Kainos Group in a research report on Monday. Finally, Canaccord Genuity Group reiterated a "speculative buy" rating and set a GBX 1,000 price target on shares of Kainos Group in a research report on Monday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of GBX 1,070.

Kainos Group Trading Up 0.8%

The company has a current ratio of 1.81, a quick ratio of 1.59 and a debt-to-equity ratio of 3.76. The stock has a market capitalization of £1.04 billion, a price-to-earnings ratio of 3,076.24, a PEG ratio of 2.15 and a beta of 0.79. The firm has a 50-day moving average of GBX 725.90 and a 200 day moving average of GBX 722.36.

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.