Kooth (LON:KOO) Shares Down 0.8% – Here’s Why

Shares of Kooth plc (LON:KOO) were down 0.8% during trading on Wednesday . The company traded as low as GBX 145 and last traded at GBX 146.25. Approximately 49,714 shares changed hands during trading, a decline of 46% from the average daily volume of 92,091 shares. The stock had previously closed at GBX 147.50.

Analysts Set New Price Targets

KOO has been the subject of several recent analyst reports. Canaccord Genuity Group restated a “buy” rating and set a GBX 330 target price on shares of Kooth in a research report on Wednesday, July 29th. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 360 price target on shares of Kooth in a report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 330.

Kooth Stock Down 0.8%

The stock’s 50 day moving average is GBX 156.27 and its two-hundred day moving average is GBX 139.74. The company has a market capitalization of £53.05 million, a PE ratio of 20.89 and a beta of 1.29.

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.