Kainos Group (LON:KNOS) Sets New 1-Year High – Here’s Why

Shares of Kainos Group plc (LON:KNOS) hit a new 52-week high during trading on Thursday. The stock traded as high as GBX 1,298 and last traded at GBX 1,292, with a volume of 199,463 shares traded. The stock had previously closed at GBX 1,261.

Analyst Ratings Changes

A number of research analysts have weighed in on KNOS shares. Canaccord Genuity Group boosted their target price on shares of Kainos Group from GBX 1,200 to GBX 1,315 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Kainos Group from GBX 920 to GBX 1,260 and gave the stock a “hold” rating in a research note on Tuesday, August 18th. Finally, Berenberg Bank raised their price target on shares of Kainos Group from GBX 1,185 to GBX 1,330 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,231.17.

Kainos Group Price Performance

The company has a current ratio of 1.17, a quick ratio of 1.59 and a debt-to-equity ratio of 6.11. The business has a 50-day moving average price of GBX 1,178.94 and a 200 day moving average price of GBX 944.11. The stock has a market cap of £1.48 billion, a PE ratio of 36.67, a PEG ratio of 2.15 and a beta of 0.87.

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.