Kainos Group (LON:KNOS – Get Free Report)‘s stock had its “hold” rating reissued by Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Tuesday, Digital Look reports. They currently have a GBX 1,260 price target on the stock. Deutsche Bank Aktiengesellschaft‘s price objective suggests a potential upside of 17.21% from the stock’s current price.
KNOS has been the subject of a number of other reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,330 target price on shares of Kainos Group in a report on Tuesday. Canaccord Genuity Group restated a “buy” rating and set a GBX 1,500 price target on shares of Kainos Group in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 1,294.40.
Check Out Our Latest Report on KNOS
Kainos Group Trading Down 0.2%
Kainos Group stock traded down GBX 2 during trading hours on Tuesday, reaching GBX 1,075. 656,263 shares of the company’s stock were exchanged, compared to its average volume of 2,534,639. The firm’s 50 day simple moving average is GBX 1,243.77 and its 200 day simple moving average is GBX 938.98. Kainos Group has a twelve month low of GBX 686 and a twelve month high of GBX 1,360. The company has a quick ratio of 1.59, a current ratio of 1.17 and a debt-to-equity ratio of 6.11. The firm has a market capitalization of £1.24 billion, a PE ratio of 30.63, a PEG ratio of 2.15 and a beta of 0.87.
Kainos Group (LON:KNOS – Get Free Report) last announced its quarterly earnings data on Monday, November 9th. The company reported GBX 27.70 earnings per share (EPS) for the quarter. Kainos Group had a return on equity of 41.45% and a net margin of 9.86%. The company had revenue of £268.80 million for the quarter. Research analysts predict that Kainos Group will post 48.10 earnings per share for the current year.
Key Headlines Impacting Kainos Group
Here are the key news stories impacting Kainos Group this week:
- Positive Sentiment: First-half revenue rose 37% to £268.8 million, driven by government contracts, and sales and profit reportedly exceeded forecasts. The results provide evidence of solid demand, although margins declined. Kainos revenue jumps 37% as government contracts drive first-half growth
- Positive Sentiment: Canaccord Genuity reaffirmed its Buy rating with a 1,500p price target; Berenberg also maintained Buy, with a 1,330p target. Stifel previously reiterated Buy with a 1,395p target, citing growth prospects. Stifel maintains Buy rating
- Negative Sentiment: Despite beating Deutsche Bank’s forecasts, the bank sees limited near-term operating leverage. First-half margins also fell, which may constrain profit growth relative to sales growth. Kainos beats Deutsche Bank forecasts but bank sees limited near-term operating leverage
- Negative Sentiment: Hotter US inflation has weighed on Wall Street futures by renewing interest-rate concerns, a broader market risk that could also affect UK equities. Markets live: inflation fuels interest-rate concerns
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.
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