Knights Group (LON:KGH) Stock Price Down 4.5% – Here’s What Happened

Knights Group Holdings plc (LON:KGHGet Free Report) dropped 4.5% during mid-day trading on Monday . The stock traded as low as GBX 159.50 and last traded at GBX 159.50. 73,709 shares were traded during mid-day trading, a decline of 64% from the average session volume of 203,443 shares. The stock had previously closed at GBX 167.

Wall Street Analyst Weigh In

KGH has been the topic of a number of research analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a GBX 220 target price on shares of Knights Group in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 210 target price on shares of Knights Group in a research report on Thursday, May 21st. Finally, Canaccord Genuity Group restated a “buy” rating and set a GBX 355 price target on shares of Knights Group in a research note on Friday, August 21st. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 261.67.

Read Our Latest Analysis on Knights Group

Knights Group Stock Performance

The stock has a market cap of £137.12 million, a price-to-earnings ratio of 30.61 and a beta of 1.46. The stock’s 50 day moving average is GBX 177.36 and its two-hundred day moving average is GBX 174.14. The company has a current ratio of 2.26, a quick ratio of 2.10 and a debt-to-equity ratio of 116.67.

Knights Group (LON:KGHGet Free Report) last issued its quarterly earnings data on Monday, July 6th. The company reported GBX 28.14 earnings per share (EPS) for the quarter. Knights Group had a net margin of 2.28% and a return on equity of 4.58%. Analysts anticipate that Knights Group Holdings plc will post 22.0875439 earnings per share for the current fiscal year.

Knights Group Company Profile

(Get Free Report)

Knights Group Holdings plc provides legal and professional services in the United Kingdom. The company offers business services comprising of banking, commercial, corporate, data protection, debt advisory , dispute resolution, and housing and regeneration. It also offers services in the areas of immigration, licensing and gambling, and employment. In addition, the company provides personal services in the areas of agriculture, charities, conveyancing, family, landed estates, planning, professional discipline, tax and trusts, and wills and estates.

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