Canaccord Genuity Group Forecasts Strong Price Appreciation for Kainos Group (LON:KNOS) Stock

Kainos Group (LON:KNOS) had its target price upped by stock analysts at Canaccord Genuity Group from GBX 1,150 to GBX 1,200 in a research report issued to clients and investors on Tuesday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 36.89% from the company’s current price.

A number of other brokerages also recently issued reports on KNOS. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,185 price target on shares of Kainos Group in a report on Tuesday. Stifel Nicolaus reiterated a “buy” rating and set a GBX 1,282 price target on shares of Kainos Group in a research note on Tuesday, April 21st. Finally, Shore Capital Group restated a “buy” rating on shares of Kainos Group in a research note on Monday, April 20th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, Kainos Group currently has an average rating of “Buy” and an average price target of GBX 1,173.40.

Kainos Group Price Performance

Shares of KNOS stock opened at GBX 876.63 on Tuesday. Kainos Group has a 52-week low of GBX 680.50 and a 52-week high of GBX 1,190. The company has a debt-to-equity ratio of 5.05, a quick ratio of 1.59 and a current ratio of 1.23. The firm has a market capitalization of £1.02 billion, a P/E ratio of 35.35, a P/E/G ratio of 2.15 and a beta of 0.79. The stock has a 50 day moving average price of GBX 787.91 and a 200 day moving average price of GBX 883.28.

Kainos Group (LON:KNOS) last issued its quarterly earnings results on Monday, May 18th. The company reported GBX 41.60 earnings per share (EPS) for the quarter. The firm had revenue of £431.10 million during the quarter. Kainos Group had a return on equity of 25.32% and a net margin of 8.08%. As a group, sell-side analysts predict that Kainos Group will post 48.0997625 earnings per share for the current 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.