Kooth (LON:KOO) Shares Up 7.1% – Time to Buy?

Kooth plc (LON:KOO)’s stock price shot up 7.1% during mid-day trading on Tuesday . The company traded as high as GBX 172 and last traded at GBX 165. 168,933 shares traded hands during mid-day trading, an increase of 58% from the average session volume of 106,699 shares. The stock had previously closed at GBX 154.

Analysts Set New Price Targets

A number of research firms have recently commented on KOO. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 330 target price on shares of Kooth in a research report on Wednesday, April 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 360 price target on shares of Kooth in a research note on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 330.

Kooth Stock Up 7.1%

The company has a 50 day simple moving average of GBX 138.08 and a two-hundred day simple moving average of GBX 125.69. The company has a market capitalization of £59.85 million, a P/E ratio of 23.57 and a beta of 1.24.

Kooth (LON:KOO) last posted its quarterly earnings data on Wednesday, April 8th. The company reported GBX 0.07 earnings per share (EPS) for the quarter. The business had revenue of GBX 6,329 million during the quarter. Kooth had a return on equity of 8.84% and a net margin of 4.12%. As a group, research analysts expect that Kooth plc will post 12.9798903 EPS for the current fiscal year.

About Kooth

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.