Kainos Group’s (KNOS) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Kainos Group (LON:KNOS) in a report published on Tuesday,Digital Look reports. The firm currently has a GBX 1,500 price target on the stock.

A number of other analysts have also recently weighed in on the stock. Deutsche Bank raised 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. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,330 target price on shares of Kainos Group in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Kainos Group currently has an average rating of “Moderate Buy” and an average price target of GBX 1,343.

Kainos Group Stock Performance

Shares of LON KNOS opened at GBX 1,103 on Tuesday. The firm has a market capitalization of £1.27 billion, a price-to-earnings ratio of 31.42, a price-to-earnings-growth ratio of 2.15 and a beta of 0.87. Kainos Group has a 12-month low of GBX 686 and a 12-month high of GBX 1,360. The firm has a 50 day moving average of GBX 1,235.08 and a 200 day moving average of GBX 941.08. The company has a current ratio of 1.09, a quick ratio of 1.59 and a debt-to-equity ratio of 6.37.

Kainos Group (LON:KNOS) last announced its earnings results on Monday, November 9th. The company reported GBX 27.70 earnings per share (EPS) for the quarter. Kainos Group had a net margin of 9.74% and a return on equity of 49.93%. The firm had revenue of £268.80 million for the quarter. On average, research analysts anticipate that Kainos Group will post 48.10 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.