Kainos Group (LON:KNOS) Sets New 52-Week High – Time to Buy?

Kainos Group plc (LON:KNOS) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 1,002 and last traded at GBX 1,002, with a volume of 107073 shares. The stock had previously closed at GBX 966.

Analyst Upgrades and Downgrades

Several research firms recently commented on KNOS. Peel Hunt reiterated an “add” rating and issued a GBX 1,100 price target on shares of Kainos Group in a research report on Monday, November 10th. Berenberg Bank upped their target price on shares of Kainos Group from GBX 1,025 to GBX 1,185 and gave the company a “buy” rating in a report on Tuesday, November 11th. Canaccord Genuity Group raised Kainos Group to a “buy” rating and raised their price target for the stock from GBX 1,000 to GBX 1,500 in a report on Tuesday, November 11th. Finally, Shore Capital restated a “buy” rating and issued a GBX 1,100 price target on shares of Kainos Group in a research report on Tuesday, November 11th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Kainos Group currently has an average rating of “Buy” and an average price target of GBX 1,221.25.

Kainos Group Trading Up 3.4%

The company has a quick ratio of 1.59, a current ratio of 1.81 and a debt-to-equity ratio of 3.76. The company’s fifty day moving average price is GBX 931.71 and its two-hundred day moving average price is GBX 809.39. The firm has a market cap of £1.18 billion, a PE ratio of 35.42, a P/E/G ratio of 2.15 and a beta of 0.79.

Kainos Group (LON:KNOS) last posted its quarterly earnings results on Monday, November 10th. The company reported GBX 19.30 earnings per share (EPS) for the quarter. Kainos Group had a net margin of 12.74% and a return on equity of 33.12%. As a group, sell-side analysts forecast that Kainos Group plc will post 48.0997625 earnings per share for the current fiscal year.

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.