Berenberg Bank Reaffirms “Buy” Rating for Kainos Group (LON:KNOS)

Kainos Group (LON:KNOS)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a research report issued on Monday, Digital Look reports. They presently have a GBX 1,415 ($18.61) price objective on the stock. Berenberg Bank’s price target would suggest a potential upside of 46.03% from the stock’s previous close.

Several other equities analysts have also recently weighed in on KNOS. Shore Capital reissued a “buy” rating on shares of Kainos Group in a report on Monday. Deutsche Bank Aktiengesellschaft increased their target price on Kainos Group from GBX 1,050 ($13.81) to GBX 1,235 ($16.24) and gave the company a “hold” rating in a report on Monday, May 20th. Finally, Canaccord Genuity Group restated a “hold” rating and set a GBX 1,000 ($13.15) price target on shares of Kainos Group in a research note on Tuesday, May 7th.

Kainos Group Stock Up 2.2 %

Shares of Kainos Group stock opened at GBX 969 ($12.74) on Monday. The company has a 50-day simple moving average of GBX 1,069.13 and a two-hundred day simple moving average of GBX 1,062.52. The stock has a market capitalization of £1.22 billion, a PE ratio of 2,484.62, a price-to-earnings-growth ratio of 2.15 and a beta of 0.80. Kainos Group has a 52-week low of GBX 900.50 ($11.84) and a 52-week high of GBX 1,310 ($17.23). The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.59 and a current ratio of 1.81.

Kainos Group Company Profile

Kainos Group plc provides 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 public sector, commercial, and healthcare customers.