Kainos Group (LON:KNOS) Sets New 1-Year High – Should You Buy?

Shares of Kainos Group plc (LON:KNOS) reached a new 52-week high on Tuesday . The company traded as high as GBX 1,021 and last traded at GBX 1,013, with a volume of 388656 shares changing hands. The stock had previously closed at GBX 992.50.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Canaccord Genuity Group upgraded shares of Kainos Group to a “buy” rating and boosted their price target for the stock from GBX 1,000 to GBX 1,500 in a research report on Tuesday, November 11th. Shore Capital restated a “buy” rating and issued a GBX 1,100 target price on shares of Kainos Group in a report on Tuesday, November 11th. Peel Hunt restated an “add” rating and set a GBX 1,100 target price on shares of Kainos Group in a research report on Monday, November 10th. Finally, Berenberg Bank increased their price target on shares of Kainos Group from GBX 1,025 to GBX 1,185 and gave the company a “buy” rating in a report on Tuesday, November 11th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 1,221.25.

Kainos Group Trading Up 1.3%

The company’s 50 day moving average price is GBX 945.48 and its two-hundred day moving average price is GBX 818.71. The firm has a market cap of £1.20 billion, a PE ratio of 36.06, a P/E/G ratio of 2.15 and a beta of 0.79. The company has a quick ratio of 1.59, a current ratio of 1.81 and a debt-to-equity ratio of 3.76.

Kainos Group (LON:KNOS) last issued its quarterly earnings results on Monday, November 10th. The company reported GBX 19.30 EPS for the quarter. Kainos Group had a net margin of 12.74% and a return on equity of 33.12%. As a group, sell-side analysts forecast that Kainos Group plc will post 48.0997625 EPS for the current year.

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.