Berenberg Bank Reaffirms “Buy” Rating for Kainos Group (LON:KNOS)

Kainos Group (LON:KNOS)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research report issued on Tuesday, Digital Look reports. They currently have a GBX 1,330 price target on the stock. Berenberg Bank‘s target price points to a potential upside of 25.06% from the stock’s previous close.

Several other research firms have also issued reports on KNOS. Deutsche Bank Aktiengesellschaft upped their price objective on Kainos Group from GBX 920 to GBX 1,260 and gave the company a “hold” rating in a research note on Tuesday, August 18th. Canaccord Genuity Group increased their price target on shares of Kainos Group from GBX 1,200 to GBX 1,315 and gave the company a “buy” rating in a report on Wednesday, August 19th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,257.40.

Kainos Group Stock Performance

Shares of KNOS stock opened at GBX 1,063.50 on Tuesday. The company has a debt-to-equity ratio of 6.11, a quick ratio of 1.59 and a current ratio of 1.17. The company has a market capitalization of £1.23 billion, a P/E ratio of 30.30, a price-to-earnings-growth ratio of 2.15 and a beta of 0.87. Kainos Group has a 52 week low of GBX 686 and a 52 week high of GBX 1,360. The company’s 50 day moving average price is GBX 1,243.77 and its two-hundred day moving average price is GBX 938.98.

Kainos Group (LON:KNOS) last announced its earnings results on Monday, November 9th. The company reported GBX 27.70 earnings per share (EPS) for the quarter. Kainos Group had a return on equity of 41.45% and a net margin of 9.86%. The business had revenue of £268.80 million for the quarter. On average, analysts expect that Kainos Group will post 48.10 earnings per share for the current fiscal year.

Kainos Group Company Profile

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.