Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Kainos Group (LON:KNOS) Stock

Kainos Group (LON:KNOS) had its target price boosted by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 920 to GBX 1,260 in a research note issued to investors on Tuesday,Digital Look reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 4.07% from the stock’s previous close.

A number of other brokerages also recently commented on KNOS. Berenberg Bank upped their target price on shares of Kainos Group from GBX 1,185 to GBX 1,330 and gave the stock a “buy” rating in a research note on Wednesday. Canaccord Genuity Group boosted their price target on Kainos Group from GBX 1,200 to GBX 1,315 and gave the company a “buy” rating in a report on Wednesday. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 1,282 price target on shares of Kainos Group in a report on Tuesday, April 21st. Finally, Shore Capital Group reissued a “buy” rating on shares of Kainos Group in a research note on Monday, April 20th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Kainos Group has a consensus rating of “Moderate Buy” and an average price target of GBX 1,231.17.

Kainos Group Stock Up 2.1%

Shares of KNOS opened at GBX 1,210.76 on Tuesday. The firm has a fifty day moving average price of GBX 839.35 and a 200-day moving average price of GBX 809.11. The company has a current ratio of 1.17, a quick ratio of 1.59 and a debt-to-equity ratio of 6.11. The firm has a market capitalization of £1.40 billion, a P/E ratio of 34.49, a P/E/G ratio of 2.15 and a beta of 0.83. Kainos Group has a 12-month low of GBX 686 and a 12-month high of GBX 1,216.

Kainos Group (LON:KNOS) last posted its quarterly earnings results on Monday, May 18th. The company reported GBX 41.60 EPS for the quarter. Kainos Group had a net margin of 9.86% and a return on equity of 41.45%. The company had revenue of £431.10 million for the quarter. Equities research analysts expect that Kainos Group will post 48.0997625 earnings per share for the current year.

Insider Buying and Selling

In other Kainos Group news, insider Richard McCann sold 760,911 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of GBX 779, for a total transaction of £5,927,496.69. Corporate 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.