Kooth (LON:KOO) Receives “Buy” Rating from Canaccord Genuity Group

Kooth (LON:KOO)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity Group in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 430 price objective on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 238.58% from the company’s previous close.

Separately, Berenberg Bank upped their price target on shares of Kooth from GBX 260 to GBX 300 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Kooth has a consensus rating of “Buy” and an average price target of GBX 365.

Kooth Stock Performance

Shares of LON KOO traded down GBX 0.50 during trading hours on Wednesday, reaching GBX 127. The stock had a trading volume of 38,024 shares, compared to its average volume of 93,353. The firm has a 50-day moving average of GBX 138.43 and a 200-day moving average of GBX 155.80. The firm has a market cap of £45.74 million, a price-to-earnings ratio of 15.88 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. Kooth has a fifty-two week low of GBX 120 and a fifty-two week high of GBX 200.

Kooth (LON:KOO) last issued its quarterly earnings data on Tuesday, September 23rd. The company reported GBX (0.03) earnings per share for the quarter. Kooth had a net margin of 7.89% and a return on equity of 18.59%. Equities research analysts predict that Kooth will post 12.9798903 earnings per share for the current year.

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.