Knights Group (LON:KGH) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Knights Group Holdings plc (LON:KGH) passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 167.55 and traded as high as GBX 168.50. Knights Group shares last traded at GBX 168.50, with a volume of 30,440 shares traded.

Analyst Ratings Changes

KGH has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 250 price target on shares of Knights Group in a report on Tuesday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 355 price objective on shares of Knights Group in a research report on Friday, August 21st. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 275.

Knights Group Stock Performance

The company has a market cap of £144.19 million, a price-to-earnings ratio of 32.19 and a beta of 1.46. The company has a current ratio of 2.26, a quick ratio of 2.10 and a debt-to-equity ratio of 116.67. The stock’s 50 day moving average price is GBX 167.55 and its 200 day moving average price is GBX 173.84.

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.