Kainos Group (LON:KNOS) Reaches New 52-Week High – Here’s What Happened

Kainos Group plc (LON:KNOS)’s stock price reached a new 52-week high on Tuesday. The stock traded as high as GBX 1,360 and last traded at GBX 1,338, with a volume of 356,502 shares. The stock had previously closed at GBX 1,341.

Analyst Upgrades and Downgrades

KNOS has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised their price objective 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 lifted their target price on shares of Kainos Group from GBX 1,185 to GBX 1,330 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Finally, Canaccord Genuity Group boosted their target price on shares of Kainos Group from GBX 1,200 to GBX 1,315 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Kainos Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,231.17.

Kainos Group Stock Down 0.3%

The firm’s 50 day moving average price is GBX 1,242.83 and its two-hundred day moving average price is GBX 928.81. The company has a market cap of £1.51 billion, a P/E ratio of 37.32, a price-to-earnings-growth ratio of 2.15 and a beta of 0.87. The company has a debt-to-equity ratio of 6.11, a quick ratio of 1.59 and a current ratio of 1.17.

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.