Kainos Group (LON:KNOS) Given New GBX 1,330 Price Target at Berenberg Bank

Kainos Group (LON:KNOS – Get Free Report) had its price target boosted by equities research analysts at Berenberg Bank from GBX 1,185 to GBX 1,330 in a research note issued on Wednesday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 9.85% from the stock’s current price.

Other analysts also recently issued research reports about the company. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 1,282 price objective on shares of Kainos Group in a research report on Tuesday, April 21st. Canaccord Genuity Group raised their target price on Kainos Group from GBX 1,150 to GBX 1,200 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,231.17.

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Kainos Group Stock Performance

LON:KNOS opened at GBX 1,210.76 on Wednesday. The firm’s 50-day moving average is GBX 839.35 and its 200-day moving average is GBX 809.11. The company has a market cap of £1.40 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 2.15 and a beta of 0.83. The company has a debt-to-equity ratio of 6.11, a quick ratio of 1.59 and a current ratio of 1.17. Kainos Group has a 52-week low of GBX 686 and a 52-week high of GBX 1,216.

Kainos Group (LON:KNOS – Get Free Report) last released its earnings results on Monday, May 18th. The company reported GBX 41.60 earnings per share for the quarter. The business had revenue of £431.10 million during the quarter. Kainos Group had a net margin of 9.86% and a return on equity of 41.45%. Equities research analysts anticipate that Kainos Group will post 48.0997625 earnings per share for the current year.

Insider Buying and Selling at Kainos Group

In other news, insider Richard McCann sold 760,911 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of GBX 779, for a total value of £5,927,496.69. Corporate insiders own 19.72% of the company’s stock.

Kainos Group Company Profile

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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.

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