Kainos Group (LON:KNOS) Given New GBX 1,000 Price Target at Canaccord Genuity Group

Kainos Group (LON:KNOS) had its price target decreased by Canaccord Genuity Group from GBX 1,300 ($15.96) to GBX 1,000 ($12.28) in a research report released on Tuesday, MarketBeat.com reports. Canaccord Genuity Group currently has a hold rating on the stock.

Separately, Shore Capital reaffirmed a buy rating on shares of Kainos Group in a report on Thursday, November 9th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of GBX 1,380.80 ($16.96).

Kainos Group Stock Up 0.9 %

Shares of KNOS opened at GBX 1,010 ($12.40) on Tuesday. The company has a market capitalization of £1.26 billion, a PE ratio of 3,033.33, a PEG ratio of 2.15 and a beta of 0.85. Kainos Group has a 12 month low of GBX 900.50 ($11.06) and a 12 month high of GBX 1,760 ($21.61). The stock’s 50-day moving average price is GBX 1,153.62 and its two-hundred day moving average price is GBX 1,226.72. The company has a current ratio of 1.86, a quick ratio of 1.59 and a debt-to-equity ratio of 1.07.

Kainos Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 23rd will be paid a GBX 8.20 ($0.10) dividend. This represents a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, November 23rd. Kainos Group’s dividend payout ratio is 7,272.73%.

Kainos Group Company Profile

Kainos Group plc provides 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 public sector, commercial, and healthcare customers.