Kainos Group (LON:KNOS) Trading Up 22.5% - Here's Why

Key Points

• Kainos Group's share price surged 22.5% recently, reaching a high of GBX 870.50 ($11.79), showing a significant increase in trading volume.
• Analysts have reaffirmed a "buy" rating for Kainos Group, with target prices set at GBX 1,070 by Shore Capital and GBX 1,000 by Canaccord Genuity Group, indicating strong market confidence.
• The company has a market capitalization of £1.04 billion and operates in digital technology services across various industries, including public and healthcare sectors.

Kainos Group plc (LON:KNOS - Get Free Report)'s share price traded up 22.5% during mid-day trading on Monday . The stock traded as high as GBX 870.50 ($11.79) and last traded at GBX 866 ($11.73). 1,323,183 shares changed hands during trading, an increase of 259% from the average session volume of 368,477 shares. The stock had previously closed at GBX 707 ($9.58).

Analyst Ratings Changes

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

Kainos Group Stock Up 22.5%

The firm has a market capitalization of £1.04 billion, a PE ratio of 3,070.92, a P/E/G ratio of 2.15 and a beta of 0.79. The company has a quick ratio of 1.59, a current ratio of 1.81 and a debt-to-equity ratio of 3.76. The firm's 50 day moving average price is GBX 721.54 and its two-hundred day moving average price is GBX 720.47.

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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