Kainos Group (LON:KNOS) Shares Pass Above Fifty Day Moving Average – What’s Next?

Kainos Group plc (LON:KNOS)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 931.71 and traded as high as GBX 976. Kainos Group shares last traded at GBX 966, with a volume of 7,469,071 shares changing hands.

Analyst Upgrades and Downgrades

KNOS has been the subject of a number of research analyst reports. Berenberg Bank lifted their price target on Kainos Group from GBX 1,025 to GBX 1,185 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Shore Capital reiterated a “buy” rating and set a GBX 1,100 target price on shares of Kainos Group in a research report on Tuesday, November 11th. Peel Hunt reissued an “add” rating and issued a GBX 1,100 price target on shares of Kainos Group in a research note on Monday, November 10th. Finally, Canaccord Genuity Group upgraded shares of Kainos Group to a “buy” rating and raised their price objective for the company from GBX 1,000 to GBX 1,500 in a research report on Tuesday, November 11th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kainos Group presently has an average rating of “Buy” and an average target price of GBX 1,221.25.

Kainos Group Stock Performance

The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.59 and a current ratio of 1.81. The business has a 50-day moving average price of GBX 931.71 and a 200 day moving average price of GBX 809.39. The stock has a market capitalization of £1.16 billion, a P/E ratio of 34.72, a PEG ratio of 2.15 and a beta of 0.79.

Kainos Group (LON:KNOS) last announced its quarterly earnings data on Monday, November 10th. The company reported GBX 19.30 earnings per share 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 EPS for the current fiscal year.

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.