Kooth (LON:KOO) Shares Up 0.7% - Should You Buy?

Key Points

• Kooth plc's shares increased by 0.7% during mid-day trading, with the last traded price at GBX 153 ($2.07).
• Canaccord Genuity Group has set a "buy" rating with a price target of GBX 490, contributing to a consensus rating of "Buy" among analysts.
• The company has a market cap of £54.85 million and a very high price-to-earnings ratio of 728.57.

Kooth plc (LON:KOO - Get Free Report) shot up 0.7% during mid-day trading on Wednesday . The company traded as high as GBX 154 ($2.08) and last traded at GBX 153 ($2.07). 8,182 shares changed hands during trading, a decline of 91% from the average session volume of 89,767 shares. The stock had previously closed at GBX 152 ($2.06).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 490 price target on shares of Kooth in a report on Monday, July 28th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Kooth presently has a consensus rating of "Buy" and an average target price of GBX 456.67.

Kooth Price Performance

The company has a current ratio of 2.19, a quick ratio of 2.36 and a debt-to-equity ratio of 0.13. The company's fifty day moving average is GBX 167.74 and its two-hundred day moving average is GBX 156.74. The stock has a market cap of £54.85 million, a price-to-earnings ratio of 728.57 and a beta of 0.71.

Kooth Company Profile

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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