Kainos Group (LON:KNOS) Hits New 12-Month High - Should You Buy?

Key Points

• Kainos Group shares reached a new 52-week high of GBX 1,360 before last trading at GBX 1,338, with the stock up 0.4% and a market capitalization of approximately £1.55 billion.
• Analyst sentiment remains positive: five analysts rate the stock a Buy and one rates it Hold, resulting in a “Moderate Buy” consensus. Recent price-target increases range from GBX 1,260 to GBX 1,330, versus an average target of GBX 1,231.17.
• The company provides digital technology and Workday-related services across international markets, but its valuation appears elevated, with a P/E ratio of 38.35 and a P/E/G ratio of 2.15.

Kainos Group plc (LON:KNOS - Get Free Report) hit a new 52-week high during trading on Tuesday. The stock traded as high as GBX 1,360 and last traded at GBX 1,338, with a volume of 356,502 shares trading hands. The stock had previously closed at GBX 1,341.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Berenberg Bank increased their price target on Kainos Group from GBX 1,185 to GBX 1,330 and gave the company a "buy" rating in a research report on Wednesday, August 19th. Canaccord Genuity Group lifted their price target on Kainos Group from GBX 1,200 to GBX 1,315 and gave the stock a "buy" rating in a research note on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Kainos Group from GBX 920 to GBX 1,260 and gave the stock a "hold" rating in a report on Tuesday, August 18th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 1,231.17.

Kainos Group Trading Up 0.4%

The company has a current ratio of 1.17, a quick ratio of 1.59 and a debt-to-equity ratio of 6.11. The firm has a market cap of £1.55 billion, a PE ratio of 38.35, a P/E/G ratio of 2.15 and a beta of 0.87. The company's 50-day moving average is GBX 1,233.41 and its 200 day moving average is GBX 925.82.

Kainos Group Company Profile

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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