Kainos Group (LON:KNOS) Trading 19.9% Higher – What’s Next?

Kainos Group plc (LON:KNOS)’s share price rose 19.9% during mid-day trading on Monday . The company traded as high as GBX 856.50 ($11.57) and last traded at GBX 847.50 ($11.44). Approximately 2,970,262 shares were traded during mid-day trading, an increase of 685% from the average daily volume of 378,281 shares. The stock had previously closed at GBX 707 ($9.55).

Wall Street Analyst Weigh In

KNOS has been the topic of a number of recent analyst reports. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 1,000 price target on shares of Kainos Group in a report on Monday. Shore Capital reissued a “buy” rating and issued a GBX 1,070 price target on shares of Kainos Group in a report on Monday. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 1,070.

Kainos Group Stock Performance

The company has a quick ratio of 1.59, a current ratio of 1.81 and a debt-to-equity ratio of 3.76. The company’s 50-day moving average is GBX 719.04 and its two-hundred day moving average is GBX 719.97. The company has a market capitalization of £1.02 billion, a P/E ratio of 3,005.32, a PEG ratio of 2.15 and a beta of 0.79.

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.