Knights Group (LON:KGH) Shares Down 4.5% – Here’s Why

Knights Group Holdings plc (LON:KGH)’s stock price was down 4.5% during trading on Monday . The company traded as low as GBX 159.50 and last traded at GBX 159.50. 73,709 shares were traded during mid-day trading, a decline of 64% from the average session volume of 203,443 shares. The stock had previously closed at GBX 167.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group restated a “buy” rating and issued a GBX 355 target price on shares of Knights Group in a report on Friday, August 21st. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 220 price target on shares of Knights Group in a research report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 210 price objective on shares of Knights Group in a research note on Thursday, May 21st. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 261.67.

Knights Group Stock Down 1.8%

The company has a debt-to-equity ratio of 116.67, a current ratio of 2.26 and a quick ratio of 2.10. The business has a fifty day moving average of GBX 176.90 and a 200-day moving average of GBX 174.10. The stock has a market cap of £139.28 million, a PE ratio of 31.10 and a beta of 1.46.

Knights Group (LON:KGH) last posted its earnings results on Monday, July 6th. The company reported GBX 28.14 EPS for the quarter. Knights Group had a net margin of 2.28% and a return on equity of 4.58%. Equities research analysts anticipate that Knights Group Holdings plc will post 22.0875439 earnings per share for the current year.

About Knights Group

Knights Group Holdings plc provides legal and professional services in the United Kingdom. The company offers business services comprising of banking, commercial, corporate, data protection, debt advisory , dispute resolution, and housing and regeneration. It also offers services in the areas of immigration, licensing and gambling, and employment. In addition, the company provides personal services in the areas of agriculture, charities, conveyancing, family, landed estates, planning, professional discipline, tax and trusts, and wills and estates.