Knights Group (LON:KGH) Shares Up 0.8% – Here’s What Happened

Knights Group Holdings plc (LON:KGH)’s stock price rose 0.8% on Monday . The stock traded as high as GBX 183 and last traded at GBX 181. Approximately 173,506 shares were traded during mid-day trading, a decline of 18% from the average session volume of 212,485 shares. The stock had previously closed at GBX 179.64.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KGH shares. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 220 target price on shares of Knights Group in a research note on Wednesday, May 20th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 355 price target on shares of Knights Group in a research note on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 210 price objective on shares of Knights Group in a research note on Thursday, May 21st. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Knights Group presently has an average rating of “Buy” and a consensus price target of GBX 261.67.

Knights Group Price Performance

The company has a fifty day simple moving average of GBX 182.66 and a 200 day simple moving average of GBX 176. The stock has a market capitalization of £152.59 million, a price-to-earnings ratio of 34.07 and a beta of 1.47. The company has a debt-to-equity ratio of 116.67, a quick ratio of 2.10 and a current ratio of 2.26.

Knights Group (LON:KGH) last posted its quarterly earnings results on Monday, July 6th. The company reported GBX 28.14 earnings per share (EPS) for the quarter. Knights Group had a return on equity of 4.58% and a net margin of 2.28%. Equities research analysts forecast that Knights Group Holdings plc will post 22.0875439 EPS for the current fiscal year.

About Knights Group

Knights Group Holdings plc provides legal and professional services in the United Kingdom. The company offers business services comprising of banking, commercial, corporate, data protection, debt advisory , dispute resolution, and housing and regeneration. It also offers services in the areas of immigration, licensing and gambling, and employment. In addition, the company provides personal services in the areas of agriculture, charities, conveyancing, family, landed estates, planning, professional discipline, tax and trusts, and wills and estates.