Knights Group (LON:KGH) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Shares of Knights Group Holdings plc (LON:KGH) crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 167.55 and traded as high as GBX 168.50. Knights Group shares last traded at GBX 168.50, with a volume of 30,440 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KGH shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 355 price objective on shares of Knights Group in a report on Friday, August 21st. Deutsche Bank reissued a “buy” rating and set a GBX 250 target price on shares of Knights Group in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 275.

Knights Group Price Performance

The company has a debt-to-equity ratio of 116.67, a quick ratio of 2.10 and a current ratio of 2.26. The stock has a market capitalization of £139.70 million, a PE ratio of 31.19 and a beta of 1.46. The stock’s 50 day moving average is GBX 167.40 and its two-hundred day moving average is GBX 173.55.

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.