Kainos Group plc (LON:KNOS) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts give Kainos Group a “Moderate Buy” consensus: Five of six analysts rate the stock a buy, while one recommends holding it. The average 12-month price target is GBX 1,231.17.
• Several brokers recently raised their targets, including Canaccord Genuity to GBX 1,315 and Berenberg to GBX 1,330, while Deutsche Bank lifted its target to GBX 1,260 but maintained a hold rating.
• Kainos shares opened at GBX 1,232, near their one-year high, giving the company a market capitalization of approximately £1.42 billion. The company reported quarterly EPS of GBX 41.60 and revenue of £431.10 million.

Kainos Group plc (LON:KNOS - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 1,231.17.

A number of analysts recently commented on KNOS shares. Canaccord Genuity Group boosted their price objective on shares of Kainos Group from GBX 1,200 to GBX 1,315 and gave the stock a "buy" rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on Kainos Group from GBX 920 to GBX 1,260 and gave the stock a "hold" rating in a research note on Tuesday. Stifel Nicolaus reaffirmed a "buy" rating and issued a GBX 1,282 price objective on shares of Kainos Group in a research note on Tuesday, April 21st. Finally, Berenberg Bank lifted their price objective on Kainos Group from GBX 1,185 to GBX 1,330 and gave the stock a "buy" rating in a report on Wednesday.

Kainos Group Price Performance

Shares of LON KNOS opened at GBX 1,232 on Wednesday. The firm has a market capitalization of £1.42 billion, a P/E ratio of 35.10, a PEG ratio of 2.15 and a beta of 0.83. Kainos Group has a one year low of GBX 686 and a one year high of GBX 1,232. The company's fifty day moving average is GBX 839.35 and its two-hundred day moving average is GBX 809.11. The company has a debt-to-equity ratio of 6.11, a quick ratio of 1.59 and a current ratio of 1.17.

Kainos Group (LON:KNOS - Get Free Report) last posted its quarterly earnings results on Monday, May 18th. The company reported GBX 41.60 earnings per share for the quarter. The business had revenue of £431.10 million for the quarter. Kainos Group had a net margin of 9.86% and a return on equity of 41.45%. Analysts forecast that Kainos Group will post 48.0997625 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kainos Group news, insider Richard McCann sold 760,911 shares of the company's stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of GBX 779, for a total value of £5,927,496.69. Company insiders own 19.72% of the company's stock.

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. The Workday Services segment provides consulting, project management, integration, and post deployment services for Workday's software suite, which includes cloud-based software for human capital management, and financial management, and adaptive planning.

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