Shore Capital Issues Positive Forecast for Kainos Group (LON:KNOS) Stock Price

Kainos Group (LON:KNOS) had its price objective raised by Shore Capital from GBX 1,070 to GBX 1,110 in a research report released on Wednesday morning, MarketBeat.com reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on the company. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 1,000 target price on shares of Kainos Group in a research report on Monday, September 1st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,025 target price on shares of Kainos Group in a research report on Monday, September 1st. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Kainos Group has an average rating of “Buy” and a consensus price target of GBX 1,080.

Kainos Group Trading Down 3.0%

Shares of Kainos Group stock opened at GBX 894.50 on Wednesday. The company has a quick ratio of 1.59, a current ratio of 1.81 and a debt-to-equity ratio of 3.76. The firm has a market cap of £1.07 billion, a price-to-earnings ratio of 3,171.99, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. The business has a fifty day simple moving average of GBX 741.16 and a 200-day simple moving average of GBX 726.28. Kainos Group has a fifty-two week low of GBX 580 and a fifty-two week high of GBX 929.

About Kainos Group

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.