Kainos Group plc (LON:KNOS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Kainos Group plc (LON:KNOS) have received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 1,231.17.

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Kainos Group from GBX 920 to GBX 1,260 and gave the company a “hold” rating in a research note on Tuesday. Berenberg Bank boosted their price target on Kainos Group from GBX 1,185 to GBX 1,330 and gave the stock a “buy” rating in a report on Wednesday. Canaccord Genuity Group upped their price objective on Kainos Group from GBX 1,200 to GBX 1,315 and gave the company a “buy” rating in a research report on Wednesday. Finally, Stifel Nicolaus restated a “buy” rating and issued a GBX 1,282 price objective on shares of Kainos Group in a research report on Tuesday, April 21st.

Kainos Group Stock Up 3.9%

KNOS stock opened at GBX 1,232 on Wednesday. The company has a debt-to-equity ratio of 6.11, a current ratio of 1.17 and a quick ratio of 1.59. The company’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 12 month low of GBX 686 and a 12 month high of GBX 1,232. The firm has a market capitalization of £1.42 billion, a PE ratio of 35.10, a P/E/G ratio of 2.15 and a beta of 0.83.

Kainos Group (LON:KNOS) last issued its quarterly earnings data on Monday, May 18th. The company reported GBX 41.60 earnings per share (EPS) for the quarter. Kainos Group had a return on equity of 41.45% and a net margin of 9.86%.The firm had revenue of £431.10 million during the quarter. Equities analysts expect that Kainos Group will post 48.0997625 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Richard McCann sold 760,911 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of GBX 779, for a total value of £5,927,496.69. Insiders own 19.72% of the company’s stock.

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.