Berenberg Bank Reaffirms “Buy” Rating for Kainos Group (LON:KNOS)

Kainos Group (LON:KNOS)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a report released on Monday, MarketBeat.com reports. They currently have a GBX 1,025 ($13.57) target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 46.74% from the company’s previous close.

Several other equities research analysts also recently weighed in on the company. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 1,000 ($13.23) price target on shares of Kainos Group in a report on Friday, March 14th. Shore Capital reissued a “buy” rating on shares of Kainos Group in a research report on Friday, February 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Kainos Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,052.50 ($13.93).

Kainos Group Stock Performance

Shares of KNOS opened at GBX 698.50 ($9.24) on Monday. Kainos Group has a 12 month low of GBX 580 ($7.68) and a 12 month high of GBX 1,288 ($17.05). The stock has a fifty day moving average price of GBX 707.09 and a 200-day moving average price of GBX 773.55. The company has a current ratio of 1.81, a quick ratio of 1.59 and a debt-to-equity ratio of 3.76. The firm has a market cap of £882.28 million, a PE ratio of 18.30, a P/E/G ratio of 2.15 and a beta of 0.79.

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.