Kainos Group (LON:KNOS) Earns “Buy” Rating from Berenberg Bank

Kainos Group (LON:KNOS)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a report issued on Tuesday,Digital Look reports. They currently have a GBX 1,185 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 33.60% from the company’s current price.

KNOS has been the topic of several other reports. Stifel Nicolaus reiterated a “buy” rating and set a GBX 1,282 price target on shares of Kainos Group in a research report on Tuesday, April 21st. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,150 price target on shares of Kainos Group in a report on Wednesday, March 4th. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of Kainos Group in a report on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 1,163.40.

Kainos Group Stock Up 8.2%

Shares of LON:KNOS opened at GBX 887 on Tuesday. Kainos Group has a 12-month low of GBX 680.50 and a 12-month high of GBX 1,190. The stock has a market cap of £1.03 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 2.15 and a beta of 0.79. The business’s 50 day moving average is GBX 787.91 and its 200 day moving average is GBX 883.28. The company has a quick ratio of 1.59, a current ratio of 1.23 and a debt-to-equity ratio of 5.05.

Kainos Group (LON:KNOS) last released its quarterly earnings results on Monday, May 18th. The company reported GBX 41.60 earnings per share for the quarter. Kainos Group had a net margin of 8.08% and a return on equity of 25.32%. The business had revenue of £431.10 million for the quarter. On average, sell-side analysts forecast that Kainos Group will post 48.0997625 earnings per share for the current fiscal year.

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.