Berenberg Bank Cuts Kainos Group (LON:KNOS) Price Target to GBX 1,260

Kainos Group (LON:KNOS) had its target price lowered by research analysts at Berenberg Bank from GBX 1,315 ($16.37) to GBX 1,260 ($15.69) in a research note issued on Monday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 27.66% from the company’s previous close.

Several other equities research analysts also recently weighed in on KNOS. Shore Capital restated a “buy” rating on shares of Kainos Group in a report on Monday. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,000 ($12.45) price objective on shares of Kainos Group in a report on Monday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,280 ($15.93).

Kainos Group Price Performance

Shares of LON KNOS opened at GBX 987 ($12.29) on Monday. The stock’s 50-day moving average is GBX 1,046.46 and its two-hundred day moving average is GBX 1,058.90. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.55 and a quick ratio of 1.59. Kainos Group has a 1-year low of GBX 900.50 ($11.21) and a 1-year high of GBX 1,421 ($17.69). The company has a market cap of £1.24 billion, a price-to-earnings ratio of 2,990.91, a price-to-earnings-growth ratio of 2.15 and a beta of 0.73.

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.