Kooth (LON:KOO) Shares Up 1.1% – Here’s Why

Kooth plc (LON:KOO) shot up 1.1% during trading on Thursday . The stock traded as high as GBX 189.75 and last traded at GBX 187. Approximately 76,228 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 102,974 shares. The stock had previously closed at GBX 185.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 330 price target on shares of Kooth in a research report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 330.

Kooth Stock Up 1.1%

The company’s 50-day moving average is GBX 162.27 and its two-hundred day moving average is GBX 146.67. The company has a market capitalization of £67.86 million, a P/E ratio of 26.71 and a beta of 1.29.

Kooth Company Profile

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.