Analysts Set Kainos Group plc (LON:KNOS) Price Target at GBX 1,231.17

Shares of Kainos Group plc (LON:KNOS) have received an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 1,231.17.

A number of brokerages recently issued reports on KNOS. Berenberg Bank raised their price target on Kainos Group from GBX 1,185 to GBX 1,330 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Canaccord Genuity Group upped their price objective on Kainos Group from GBX 1,200 to GBX 1,315 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Kainos Group from GBX 920 to GBX 1,260 and gave the stock a “hold” rating in a research note on Tuesday, August 18th.

Kainos Group Stock Up 1.2%

Shares of LON:KNOS opened at GBX 1,230 on Friday. Kainos Group has a 1 year low of GBX 686 and a 1 year high of GBX 1,294. The business has a 50 day simple moving average of GBX 1,038.80 and a two-hundred day simple moving average of GBX 882.60. The firm has a market capitalization of £1.42 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 2.15 and a beta of 0.87. The company has a debt-to-equity ratio of 6.11, a current ratio of 1.17 and a quick ratio of 1.59.

Insider Activity at Kainos Group

In other news, insider Richard McCann sold 760,911 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of GBX 779, for a total value of £5,927,496.69. Insiders own 19.72% of the company’s stock.

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.