Kooth (LON:KOO) Stock Price Up 11.3% – Still a Buy?

Kooth plc (LON:KOO) was up 11.3% on Thursday . The stock traded as high as GBX 168 and last traded at GBX 162.50. Approximately 1,031,003 shares traded hands during trading, an increase of 982% from the average daily volume of 95,330 shares. The stock had previously closed at GBX 146.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 330 target price on shares of Kooth in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kooth currently has an average rating of “Buy” and a consensus target price of GBX 330.

Kooth Stock Performance

The firm has a market cap of £58.94 million, a P/E ratio of 23.21 and a beta of 1.29. The stock’s 50-day moving average is GBX 154.39 and its 200 day moving average is GBX 140.02.

Kooth Company Profile

At Kooth, our sole purpose is to create easy-to-access online mental health services that work alongside you to provide compassionate and effective support.