Kainos Group (LON:KNOS) Price Target Raised to GBX 1,315

Kainos Group (LON:KNOS) had its price objective boosted by Canaccord Genuity Group from GBX 1,200 to GBX 1,315 in a research note issued to investors on Wednesday morning,Digital Look reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other equities research analysts have also weighed in on KNOS. Berenberg Bank lifted their price objective on Kainos Group from GBX 1,185 to GBX 1,330 and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 1,282 price objective on shares of Kainos Group in a report on Tuesday, April 21st. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,231.17.

Kainos Group Stock Performance

Shares of KNOS opened at GBX 1,282.47 on Wednesday. Kainos Group has a 1 year low of GBX 686 and a 1 year high of GBX 1,294. 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 stock’s fifty day moving average price is GBX 864.85 and its two-hundred day moving average price is GBX 817.02. The firm has a market cap of £1.48 billion, a PE ratio of 36.54, a PEG ratio of 2.15 and a beta of 0.83.

Insider Buying and Selling at Kainos Group

In other news, insider Richard McCann sold 760,911 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of GBX 779, for a total transaction of £5,927,496.69. 19.72% of the stock is currently owned by corporate insiders.

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.