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

Canaccord Genuity Group reaffirmed their buy rating on shares of Kainos Group (LON:KNOS) in a report published on Wednesday morning, MarketBeat Ratings reports. They currently have a GBX 1,150 price objective on the stock.

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

Kainos Group Price Performance

Shares of LON KNOS opened at GBX 755 on Wednesday. Kainos Group has a fifty-two week low of GBX 580 and a fifty-two week high of GBX 1,190. The business has a 50 day moving average price of GBX 874.02 and a two-hundred day moving average price of GBX 914.51. The company has a quick ratio of 1.59, a current ratio of 1.23 and a debt-to-equity ratio of 5.05. The firm has a market cap of £893.18 million, a PE ratio of 30.44, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79.

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.