Kainos Group (LON:KNOS) Reaches New 1-Year High – Should You Buy?

Shares of Kainos Group plc (LON:KNOS) reached a new 52-week high during trading on Thursday. The company traded as high as GBX 1,298 and last traded at GBX 1,292, with a volume of 199,463 shares trading hands. The stock had previously closed at GBX 1,261.

Analysts Set New Price Targets

Several equities analysts recently commented on KNOS shares. Berenberg Bank boosted their price objective on shares of Kainos Group from GBX 1,185 to GBX 1,330 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Kainos Group from GBX 920 to GBX 1,260 and gave the stock a “hold” rating in a research note on Tuesday, August 18th. Finally, Canaccord Genuity Group raised their price target on shares of Kainos Group from GBX 1,200 to GBX 1,315 and gave the company a “buy” rating in a report on Wednesday, August 19th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Kainos Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,231.17.

Kainos Group Trading Down 1.2%

The firm has a market capitalization of £1.47 billion, a P/E ratio of 36.23, a price-to-earnings-growth ratio of 2.15 and a beta of 0.87. The company has a quick ratio of 1.59, a current ratio of 1.17 and a debt-to-equity ratio of 6.11. The firm’s 50-day simple moving average is GBX 1,193.77 and its 200-day simple moving average is GBX 950.49.

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.