Kooth (LON:KOO) Stock Price Up 7.6% – Here’s Why

Shares of Kooth plc (LON:KOO) rose 7.6% during trading on Wednesday . The stock traded as high as GBX 152 and last traded at GBX 148. Approximately 84,281 shares traded hands during trading, a decline of 21% from the average daily volume of 106,127 shares. The stock had previously closed at GBX 137.50.

Analysts Set New Price Targets

KOO has been the subject of several research reports. Stifel Nicolaus restated a “buy” rating and set a GBX 360 price target on shares of Kooth in a report on Tuesday, April 21st. Canaccord Genuity Group restated a “buy” rating and set a GBX 330 price target on shares of Kooth in a report on Wednesday, April 8th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kooth has a consensus rating of “Buy” and an average target price of GBX 330.

Kooth Price Performance

The firm has a market capitalization of £54.41 million, a price-to-earnings ratio of 21.43 and a beta of 1.24. The firm’s fifty day moving average is GBX 121.94 and its 200 day moving average is GBX 122.11.

Kooth (LON:KOO) last posted its earnings results on Wednesday, April 8th. The company reported GBX 0.07 earnings per share (EPS) for the quarter. The firm had revenue of GBX 6,329 million during the quarter. Kooth had a net margin of 4.12% and a return on equity of 8.84%. Equities research analysts forecast that Kooth plc will post 12.9798903 EPS for the current fiscal year.

About Kooth

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.