Shore Capital Reiterates "Buy" Rating for Kainos Group (LON:KNOS)

Key Points

• Kainos Group (KNOS) received a "buy" rating from Shore Capital with a price target of GBX 1,070, indicating a potential 27% upside from its current price.
• Canaccord Genuity also reaffirmed a "buy" rating for Kainos Group with a slightly lower price target of GBX 1,000, contributing to a consensus "Buy" rating from four investment analysts.
• Kainos Group shares increased by 19.2%, with current trading around GBX 842.50, and a market capitalization of £1.01 billion.

Shore Capital reiterated their buy rating on shares of Kainos Group (LON:KNOS - Free Report) in a research report sent to investors on Monday, MarketBeat Ratings reports. Shore Capital currently has a GBX 1,070 price objective on the stock.

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 1,000 target price on shares of Kainos Group in a research note on Tuesday, July 8th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kainos Group presently has an average rating of "Buy" and an average target price of GBX 1,070.

Kainos Group Stock Performance

Shares of LON KNOS traded up GBX 7 during mid-day trading on Monday, hitting GBX 861. The company had a trading volume of 302,597 shares, compared to its average volume of 375,083. 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 business's 50-day simple moving average is GBX 725.90 and its 200-day simple moving average is GBX 722.36. Kainos Group has a 12 month low of GBX 580 and a 12 month high of GBX 955. The firm has a market cap of £1.03 billion, a P/E ratio of 3,053.19, a PEG ratio of 2.15 and a beta of 0.79.

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.