Kainos Group (LON:KNOS) Given “Buy” Rating at Canaccord Genuity Group

Kainos Group (LON:KNOS)‘s stock had its “buy” rating restated by Canaccord Genuity Group in a report released on Wednesday,Digital Look reports. They presently have a GBX 1,150 target price on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 53.13% from the stock’s current price.

Several other research firms have also recently commented on KNOS. Berenberg Bank increased their price objective on Kainos Group from GBX 1,025 to GBX 1,185 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Shore Capital Group reaffirmed a “buy” rating and set a GBX 1,100 price target on shares of Kainos Group in a report on Tuesday, November 11th. Finally, Peel Hunt reissued an “add” rating and set a GBX 1,100 price objective on shares of Kainos Group in a report on Monday, November 10th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 1,133.75.

Kainos Group Stock Up 2.2%

KNOS stock traded up GBX 16 during midday trading on Wednesday, hitting GBX 751. The company’s stock had a trading volume of 280,010 shares, compared to its average volume of 1,255,251. The firm’s 50-day moving average is GBX 879.26 and its 200-day moving average is GBX 915.66. The company has a current ratio of 1.23, a quick ratio of 1.59 and a debt-to-equity ratio of 5.05. Kainos Group has a 12 month low of GBX 580 and a 12 month high of GBX 1,190. The company has a market cap of £888.45 million, a PE ratio of 30.28, a P/E/G ratio of 2.15 and a beta of 0.79.

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.