Kooth (LON:KOO) Given "Buy" Rating at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has reissued a "buy" rating for Kooth (LON:KOO) with a price target of GBX 490 ($6.58), suggesting a potential upside of 200.61% from its current price.
• Berenberg Bank also maintains a "buy" rating, setting a price target of GBX 300 ($4.03) for the company.
• Kooth's stock opened at GBX 163 ($2.19), with a 52-week range between GBX 120 ($1.61) and GBX 354 ($4.76), reflecting its market cap of approximately £59.83 million.

Kooth (LON:KOO - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Canaccord Genuity Group in a research report issued on Monday,London Stock Exchange reports. They currently have a GBX 490 ($6.58) price objective on the stock. Canaccord Genuity Group's target price would suggest a potential upside of 200.61% from the stock's current price.

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 300 ($4.03) price target on shares of Kooth in a research note on Tuesday, April 15th.

Kooth Price Performance

LON KOO opened at GBX 163 ($2.19) on Monday. The company has a 50-day moving average price of GBX 177 and a two-hundred day moving average price of GBX 158.65. Kooth has a 52 week low of GBX 120 ($1.61) and a 52 week high of GBX 354 ($4.76). The stock has a market cap of £59.83 million, a price-to-earnings ratio of 15.31 and a beta of 0.71. The company has a current ratio of 2.19, a quick ratio of 2.36 and a debt-to-equity ratio of 0.13.

About Kooth

At Kooth, our sole purpose is to create easy-to-access online mental health services that work alongside you to provide compassionate and effective support.

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