Canaccord Genuity Group Issues Positive Forecast for Kainos Group (LON:KNOS) Stock Price

Kainos Group (LON:KNOS) had its price objective upped by equities research analysts at Canaccord Genuity Group from GBX 1,150 to GBX 1,200 in a report issued on Tuesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 36.89% from the stock’s current price.

KNOS has been the topic of a number of other research reports. Stifel Nicolaus reissued a “buy” rating and issued a GBX 1,282 target price on shares of Kainos Group in a report on Tuesday, April 21st. Shore Capital Group restated a “buy” rating on shares of Kainos Group in a research report on Monday, April 20th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 1,185 price target on shares of Kainos Group in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 1,173.40.

Kainos Group Stock Up 6.9%

KNOS stock opened at GBX 876.63 on Tuesday. Kainos Group has a fifty-two week low of GBX 680.50 and a fifty-two week high of GBX 1,190. The business’s 50-day moving average is GBX 787.91 and its two-hundred day moving average is GBX 883.28. The company has a debt-to-equity ratio of 5.05, a quick ratio of 1.59 and a current ratio of 1.23. The company has a market cap of £1.02 billion, a price-to-earnings ratio of 35.35, a P/E/G ratio of 2.15 and a beta of 0.79.

Kainos Group (LON:KNOS) last posted its earnings results on Monday, May 18th. The company reported GBX 41.60 earnings per share for the quarter. Kainos Group had a return on equity of 25.32% and a net margin of 8.08%.The company had revenue of £431.10 million for the quarter. As a group, analysts forecast that Kainos Group will post 48.0997625 earnings per share for the current year.

Kainos Group Company Profile

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.