Kainos Group (LON:KNOS) Sets New 52-Week High – Should You Buy?

Kainos Group plc (LON:KNOS)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 982.50 ($13.12) and last traded at GBX 982.22 ($13.12), with a volume of 47949 shares. The stock had previously closed at GBX 971.50 ($12.97).

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KNOS shares. Berenberg Bank reiterated a “buy” rating and set a GBX 1,025 price objective on shares of Kainos Group in a research note on Monday, September 1st. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 1,000 price target on shares of Kainos Group in a research report on Monday, September 1st. Finally, Shore Capital reaffirmed a “buy” rating and issued a GBX 1,100 target price on shares of Kainos Group in a report on Friday, September 19th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kainos Group has a consensus rating of “Buy” and an average target price of GBX 1,041.67.

Kainos Group Trading Down 1.1%

The firm has a market cap of £1.14 billion, a P/E ratio of 3,406.31, a PEG ratio of 2.15 and a beta of 0.79. The business has a 50 day moving average of GBX 822.14 and a two-hundred day moving average of GBX 756.60. The company has a current ratio of 1.81, a quick ratio of 1.59 and a debt-to-equity ratio of 3.76.

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.