Berenberg Bank Issues Positive Forecast for Kainos Group (LON:KNOS) Stock Price

Kainos Group (LON:KNOS) had its target price lifted by Berenberg Bank from GBX 1,025 to GBX 1,185 in a research report released on Tuesday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. 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. Canaccord Genuity Group raised Kainos Group to a “buy” rating and upped their price target for the company from GBX 1,000 to GBX 1,500 in a research report on Tuesday. Finally, Shore Capital reiterated a “buy” rating and issued a GBX 1,100 price objective on shares of Kainos Group in a research report on Tuesday. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kainos Group presently has a consensus rating of “Buy” and an average target price of GBX 1,221.25.

Kainos Group Stock Up 2.4%

Shares of Kainos Group stock opened at GBX 960 on Tuesday. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.59 and a current ratio of 1.81. Kainos Group has a 52-week low of GBX 580 and a 52-week high of GBX 1,001. The stock has a market capitalization of £1.14 billion, a price-to-earnings ratio of 34.04, a P/E/G ratio of 2.15 and a beta of 0.79. The company’s 50 day moving average price is GBX 922.94 and its 200-day moving average price is GBX 801.11.

Kainos Group (LON:KNOS) last posted its quarterly earnings results on Monday, November 10th. The company reported GBX 19.30 EPS for the quarter. Kainos Group had a net margin of 12.74% and a return on equity of 33.12%. Equities research analysts forecast that Kainos Group will post 48.0997625 EPS for the current 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.