Kainos Group plc (LON:KNOS) Given Average Rating of “Moderate Buy” by Brokerages

Kainos Group plc (LON:KNOS) has earned an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,231.17.

A number of analysts have recently issued reports on the company. Canaccord Genuity Group increased their target price on Kainos Group from GBX 1,200 to GBX 1,315 and gave the company a “buy” rating in a report on Wednesday, August 19th. Berenberg Bank lifted their price target on Kainos Group from GBX 1,185 to GBX 1,330 and gave the company a “buy” rating in a report on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Kainos Group from GBX 920 to GBX 1,260 and gave the company a “hold” rating in a research report on Tuesday, August 18th.

Insiders Place Their Bets

In other news, insider Richard McCann sold 760,911 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of GBX 779, for a total value of £5,927,496.69. 19.72% of the stock is currently owned by company insiders.

Kainos Group Trading Up 1.0%

Kainos Group stock opened at GBX 1,186 on Friday. Kainos Group has a 52 week low of GBX 686 and a 52 week high of GBX 1,294. The company has a debt-to-equity ratio of 6.11, a quick ratio of 1.59 and a current ratio of 1.17. The firm has a market capitalization of £1.37 billion, a price-to-earnings ratio of 33.79, a P/E/G ratio of 2.15 and a beta of 0.87. The company has a 50 day moving average price of GBX 995.52 and a 200 day moving average price of GBX 865.84.

About Kainos Group

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.