Knights Group (LON:KGH) Shares Down 1.5% - What's Next?

Key Points

• Shares fell 1.5% to GBX 162 (intraday low GBX 160.26) on Friday, with about 155,595 shares traded—roughly 25% below the average daily volume.
• Analyst initiation: Canaccord Genuity started coverage with a "Buy" and a GBX 345 target; the stock's average analyst rating is "Buy" with the same GBX 345 target, implying about a 113% upside from the current price.
• Fundamentals and technicals: Knights shows strong liquidity (quick ratio 2.10, current ratio 2.53) but high leverage (debt-to-equity 136.39) and a high P/E (128.57), while trading below its 50-day (GBX 164.15) and 200-day (GBX 172.86) moving averages.

Shares of Knights Group Holdings plc (LON:KGH - Get Free Report) dropped 1.5% during mid-day trading on Friday . The company traded as low as GBX 160.26 and last traded at GBX 162. Approximately 155,595 shares traded hands during trading, a decline of 25% from the average daily volume of 206,881 shares. The stock had previously closed at GBX 164.50.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group initiated coverage on Knights Group in a research report on Monday, January 12th. They set a "buy" rating and a GBX 345 target price on the stock. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Knights Group currently has an average rating of "Buy" and an average target price of GBX 345.

Knights Group Price Performance

The company has a quick ratio of 2.10, a current ratio of 2.53 and a debt-to-equity ratio of 136.39. The stock's 50-day simple moving average is GBX 164.15 and its two-hundred day simple moving average is GBX 172.86. The company has a market capitalization of £139.27 million, a price-to-earnings ratio of 128.57 and a beta of 1.46.

Knights Group Company Profile

Knights Group Holdings plc provides legal and professional services in the United Kingdom. The company offers business services comprising of banking, commercial, corporate, data protection, debt advisory , dispute resolution, and housing and regeneration. It also offers services in the areas of immigration, licensing and gambling, and employment. In addition, the company provides personal services in the areas of agriculture, charities, conveyancing, family, landed estates, planning, professional discipline, tax and trusts, and wills and estates.

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