Kainos Group (LON:KNOS) Sets New 12-Month High – Here’s What Happened

Kainos Group plc (LON:KNOS)’s stock price reached a new 52-week high on Wednesday. The stock traded as high as GBX 1,324 and last traded at GBX 1,287, with a volume of 299,578 shares changing hands. The stock had previously closed at GBX 1,284.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KNOS. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kainos Group from GBX 920 to GBX 1,260 and gave the company a “hold” rating in a report on Tuesday, August 18th. Canaccord Genuity Group raised their target price on shares of Kainos Group from GBX 1,200 to GBX 1,315 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Finally, Berenberg Bank lifted their target price on shares of Kainos Group from GBX 1,185 to GBX 1,330 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,231.17.

Kainos Group Stock Down 0.7%

The company’s 50-day moving average is GBX 1,224.22 and its 200 day moving average is GBX 967.99. The company has a market capitalization of £1.51 billion, a PE ratio of 37.18, a P/E/G ratio of 2.15 and a beta of 0.87. The company has a debt-to-equity ratio of 6.11, a quick ratio of 1.59 and a current ratio of 1.17.

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.