Kooth (LON:KOO) Shares Up 1.6% – Should You Buy?

Kooth plc (LON:KOO) shot up 1.6% during trading on Tuesday . The company traded as high as GBX 160 and last traded at GBX 160. Approximately 20,789 shares traded hands during trading, a decline of 79% from the average daily volume of 98,708 shares. The stock had previously closed at GBX 157.50.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on KOO shares. Stifel Nicolaus restated a “buy” rating and issued a GBX 360 target price on shares of Kooth in a research note on Tuesday, April 21st. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 330 target price on shares of Kooth in a research note on Wednesday, April 8th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 330.

Kooth Trading Up 1.6%

The firm’s 50 day moving average price is GBX 159.96 and its 200-day moving average price is GBX 134.51. The company has a market cap of £58.04 million, a P/E ratio of 22.86 and a beta of 1.30.

Kooth Company Profile

At Kooth, our sole purpose is to create easy-to-access online mental health services that work alongside you to provide compassionate and effective support.