Knights Group (LON:KGH) Shares Down 4.5% – What’s Next?

Shares of Knights Group Holdings plc (LON:KGH) were down 4.5% on Monday . The stock traded as low as GBX 159.50 and last traded at GBX 159.50. 73,709 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 203,443 shares. The stock had previously closed at GBX 167.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on KGH shares. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 355 price objective on shares of Knights Group in a research report on Friday, August 21st. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 220 target price on shares of Knights Group in a report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 210 price target on shares of Knights Group in a research note on Thursday, May 21st. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 261.67.

Knights Group Price Performance

The company has a debt-to-equity ratio of 116.67, a quick ratio of 2.10 and a current ratio of 2.26. The firm has a market cap of £137.12 million, a PE ratio of 30.61 and a beta of 1.46. The stock’s fifty day moving average price is GBX 177.36 and its 200-day moving average price is GBX 174.14.

Knights Group (LON:KGH) last announced its quarterly earnings results on Monday, July 6th. The company reported GBX 28.14 EPS for the quarter. Knights Group had a return on equity of 4.58% and a net margin of 2.28%. As a group, equities analysts forecast that Knights Group Holdings plc will post 22.0875439 EPS for the current fiscal year.

Knights Group Company Profile

Knights Group Holdings plc provides legal and professional services in the United Kingdom. The company offers business services comprising of banking, commercial, corporate, data protection, debt advisory , dispute resolution, and housing and regeneration. It also offers services in the areas of immigration, licensing and gambling, and employment. In addition, the company provides personal services in the areas of agriculture, charities, conveyancing, family, landed estates, planning, professional discipline, tax and trusts, and wills and estates.