Berenberg Bank Issues Positive Forecast for Kainos Group (LON:KNOS) Stock Price

Kainos Group (LON:KNOS) had its target price lifted by Berenberg Bank from GBX 1,185 to GBX 1,330 in a report issued on Wednesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 9.85% from the company’s current price.

Several other analysts have also recently commented on KNOS. Canaccord Genuity Group increased their price target on shares of Kainos Group from GBX 1,150 to GBX 1,200 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Stifel Nicolaus restated a “buy” rating and set a GBX 1,282 target price on shares of Kainos Group in a research report on Tuesday, April 21st. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Kainos Group has an average rating of “Moderate Buy” and an average target price of GBX 1,231.17.

Kainos Group Stock Up 2.1%

LON KNOS opened at GBX 1,210.76 on Wednesday. The stock’s 50 day simple moving average is GBX 839.35 and its 200 day simple moving average is GBX 809.11. Kainos Group has a one year low of GBX 686 and a one year high of GBX 1,216. The firm has a market cap of £1.40 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.15 and a beta of 0.83. The company has a debt-to-equity ratio of 6.11, a current ratio of 1.17 and a quick ratio of 1.59.

Kainos Group (LON:KNOS) last announced its earnings results on Monday, May 18th. The company reported GBX 41.60 earnings per share for the quarter. Kainos Group had a return on equity of 41.45% and a net margin of 9.86%.The company had revenue of £431.10 million during the quarter. As a group, sell-side analysts forecast that Kainos Group will post 48.0997625 earnings per share for the current fiscal year.

Insider Buying and Selling at Kainos Group

In other news, insider Richard McCann sold 760,911 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of GBX 779, for a total value of £5,927,496.69. 19.72% of the stock is currently owned by company insiders.

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.