Berenberg Bank Reaffirms Hold Rating for Kainos Group (LON:KNOS)

Kainos Group (LON:KNOSGet Rating)‘s stock had its “hold” rating restated by analysts at Berenberg Bank in a research report issued on Wednesday, MarketBeat reports. They presently have a GBX 1,200 ($15.10) target price on the stock. Berenberg Bank’s price objective would suggest a potential downside of 2.74% from the company’s previous close.

A number of other brokerages have also recently issued reports on KNOS. Shore Capital restated a “buy” rating on shares of Kainos Group in a research note on Friday, May 20th. Canaccord Genuity Group reduced their target price on Kainos Group from GBX 1,880 ($23.66) to GBX 1,400 ($17.62) and set a “hold” rating for the company in a report on Tuesday, April 19th.

Shares of Kainos Group stock opened at GBX 1,233.85 ($15.53) on Wednesday. Kainos Group has a 52-week low of GBX 995.50 ($12.53) and a 52-week high of GBX 2,100 ($26.43). The stock’s 50-day simple moving average is GBX 1,240.78 and its 200 day simple moving average is GBX 1,514.15. The stock has a market capitalization of £1.53 billion and a P/E ratio of 38.09. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.61 and a current ratio of 1.64.

Kainos Group Company Profile (Get Rating)

Kainos Group plc provides digital technology services and platforms for public and private organizations in the United Kingdom, the Republic of Ireland, the United States, and internationally. It operates through two divisions, Digital Services and Workday Practice. The Digital Services division delivers customized online digital solutions, including cloud and engineering, data and artificial intelligence, intelligent automation, and service and experience design for public sector, commercial sector, and healthcare organizations.

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