Kainos Group (LON:KNOS) Price Target Raised to GBX 1,330

Kainos Group (LON:KNOS) had its target price hoisted by Berenberg Bank from GBX 1,185 to GBX 1,330 in a research note issued to investors on Wednesday morning,Digital Look reports. Berenberg Bank currently has a buy rating on the stock.

Several other research firms have also issued reports 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 stock a “buy” rating in a research report on Tuesday, May 19th. Stifel Nicolaus restated a “buy” rating and set a GBX 1,282 price objective on shares of Kainos Group in a research report on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Kainos Group has an average rating of “Moderate Buy” and a consensus price target of GBX 1,231.17.

Kainos Group Price Performance

Shares of LON:KNOS opened at GBX 1,282.47 on Wednesday. The firm has a 50 day moving average of GBX 864.85 and a 200-day moving average of GBX 817.02. The stock has a market capitalization of £1.48 billion, a PE ratio of 36.54, a PEG ratio of 2.15 and a beta of 0.83. The company has a current ratio of 1.17, a quick ratio of 1.59 and a debt-to-equity ratio of 6.11. Kainos Group has a 12 month low of GBX 686 and a 12 month high of GBX 1,294.

Insider Transactions 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 shares were sold at an average price of GBX 779, for a total transaction of £5,927,496.69. Company insiders own 19.72% of the company’s stock.

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. 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.