Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Kainos Group (LON:KNOS) Stock Price

Kainos Group (LON:KNOS) had its price objective raised by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 920 to GBX 1,260 in a research note issued to investors on Tuesday,Digital Look reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 4.07% from the stock’s current price.

KNOS has been the subject of a number of other reports. Berenberg Bank raised their price objective 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. Shore Capital Group reiterated a “buy” rating on shares of Kainos Group in a report on Monday, April 20th. Stifel Nicolaus reissued a “buy” rating and set a GBX 1,282 price target on shares of Kainos Group in a research report on Tuesday, April 21st. Finally, Canaccord Genuity Group boosted their price objective on shares of Kainos Group from GBX 1,200 to GBX 1,315 and gave the stock a “buy” rating in a report on Wednesday. Five 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, Kainos Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,231.17.

Kainos Group Price Performance

Shares of LON:KNOS opened at GBX 1,210.76 on Tuesday. Kainos Group has a 1-year low of GBX 686 and a 1-year high of GBX 1,216. The company has a debt-to-equity ratio of 6.11, a current ratio of 1.17 and a quick ratio of 1.59. The business has a fifty day moving average price of GBX 839.35 and a 200-day moving average price of GBX 809.11. The company has a market capitalization of £1.40 billion, a PE ratio of 34.49, a PEG ratio of 2.15 and a beta of 0.83.

Kainos Group (LON:KNOS) last announced its quarterly earnings results on Monday, May 18th. The company reported GBX 41.60 earnings per share (EPS) for the quarter. Kainos Group had a net margin of 9.86% and a return on equity of 41.45%. The company had revenue of £431.10 million for the quarter. As a group, equities analysts expect that Kainos Group will post 48.0997625 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kainos Group news, insider Richard McCann sold 760,911 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of GBX 779, for a total value of £5,927,496.69. Corporate insiders own 19.72% of the company’s stock.

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.