Kainos Group (LON:KNOS) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Kainos Group plc (LON:KNOS) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 1,022.58 and traded as low as GBX 930. Kainos Group shares last traded at GBX 942.50, with a volume of 280,123 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have weighed in on KNOS. Shore Capital reissued a “buy” rating and set a GBX 1,100 price target on shares of Kainos Group in a research note on Tuesday, November 11th. Canaccord Genuity Group upgraded Kainos Group to a “buy” rating and increased their target price for the stock from GBX 1,000 to GBX 1,500 in a research report on Tuesday, November 11th. Berenberg Bank raised their price target on Kainos Group from GBX 1,025 to GBX 1,185 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Finally, Peel Hunt reaffirmed an “add” rating and set a GBX 1,100 price objective on shares of Kainos Group in a research note on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 1,221.25.

Kainos Group Trading Down 1.2%

The stock has a market capitalization of £1.12 billion, a price-to-earnings ratio of 38.00, a PEG ratio of 2.15 and a beta of 0.79. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.59. The business’s 50-day simple moving average is GBX 1,022.58 and its two-hundred day simple moving average is GBX 900.96.

Kainos Group (LON:KNOS) last released its quarterly earnings data on Monday, November 10th. The company reported GBX 19.30 earnings per share (EPS) for the quarter. Kainos Group had a net margin of 12.74% and a return on equity of 33.12%. On average, research analysts anticipate that Kainos Group plc will post 48.0997625 earnings per share for the current fiscal year.

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. The Workday Services segment provides consulting, project management, integration, and post deployment services for Workday’s software suite, which includes cloud-based software for human capital management, and financial management, and adaptive planning.