Kainos Group (LON:KNOS) Sets New 1-Year High – Here’s Why

Kainos Group plc (LON:KNOS)’s stock price hit a new 52-week high on Thursday. The company traded as high as GBX 1,298 and last traded at GBX 1,292, with a volume of 199,463 shares traded. The stock had previously closed at GBX 1,261.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KNOS. Canaccord Genuity Group boosted 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 research report on Wednesday, August 19th. Berenberg Bank upped their price target on shares of Kainos Group from GBX 1,185 to GBX 1,330 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Kainos Group from GBX 920 to GBX 1,260 and gave the stock a “hold” rating in a report on Tuesday, August 18th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Kainos Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,231.17.

Kainos Group Stock Up 2.1%

The stock has a fifty day moving average price of GBX 1,178.94 and a 200 day moving average price of GBX 944.11. The company has a debt-to-equity ratio of 6.11, a current ratio of 1.17 and a quick ratio of 1.59. The stock has a market capitalization of £1.48 billion, a P/E ratio of 36.67, a price-to-earnings-growth ratio of 2.15 and a beta of 0.87.

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.