Kainos Group (LON:KNOS) Shares Pass Above Fifty Day Moving Average – What’s Next?

Kainos Group plc (LON:KNOS)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 931.71 and traded as high as GBX 976. Kainos Group shares last traded at GBX 966, with a volume of 7,469,071 shares traded.

Analyst Upgrades and Downgrades

KNOS has been the subject of several recent research reports. Berenberg Bank lifted their target price on shares of 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. Peel Hunt reaffirmed an “add” rating and issued a GBX 1,100 price objective on shares of Kainos Group in a report on Monday, November 10th. Canaccord Genuity Group raised shares of Kainos Group to a “buy” rating and boosted their target price for the company from GBX 1,000 to GBX 1,500 in a report on Tuesday, November 11th. Finally, Shore Capital restated a “buy” rating and set a GBX 1,100 target price on shares of Kainos Group in a research report on Tuesday, November 11th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kainos Group presently has an average rating of “Buy” and a consensus target price of GBX 1,221.25.

Kainos Group Price Performance

The business’s 50-day moving average price is GBX 931.71 and its 200 day moving average price is GBX 809.39. The company has a market capitalization of £1.16 billion, a P/E ratio of 34.72, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. The company has a quick ratio of 1.59, a current ratio of 1.81 and a debt-to-equity ratio of 3.76.

Kainos Group (LON:KNOS) last posted its earnings results 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%. Analysts anticipate that Kainos Group plc will post 48.0997625 EPS 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.