Kainos Group (LON:KNOS) Earns “Buy” Rating from Canaccord Genuity Group

Kainos Group (LON:KNOS)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity Group in a report released on Wednesday, Marketbeat reports. They currently have a GBX 1,150 target price on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 47.91% from the company’s previous close.

KNOS has been the subject of a number of other research reports. Peel Hunt reissued an “add” rating and issued a GBX 1,100 price objective on shares of Kainos Group in a research report on Monday, November 10th. Shore Capital Group reiterated a “buy” rating and issued a GBX 1,100 price target on shares of Kainos Group in a report on Tuesday, November 11th. Finally, Berenberg Bank raised their price objective on Kainos Group from GBX 1,025 to GBX 1,185 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,133.75.

Kainos Group Trading Up 3.4%

Shares of KNOS stock opened at GBX 777.50 on Wednesday. The company has a market capitalization of £919.80 million, a price-to-earnings ratio of 31.35, a PEG ratio of 2.15 and a beta of 0.81. The company has a current ratio of 1.23, a quick ratio of 1.59 and a debt-to-equity ratio of 5.05. The firm has a 50-day moving average price of GBX 869.29 and a 200 day moving average price of GBX 913.56. Kainos Group has a twelve month low of GBX 580 and a twelve month high of GBX 1,190.

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. 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.