Knights Group (LON:KGH) Shares Up 1.8% – Here’s What Happened

Knights Group Holdings plc (LON:KGH) traded up 1.8% on Monday . The stock traded as high as GBX 177.46 and last traded at GBX 173. 164,225 shares traded hands during trading, a decline of 45% from the average session volume of 296,160 shares. The stock had previously closed at GBX 170.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group started coverage on Knights Group in a report on Monday, January 12th. They issued a “buy” rating and a GBX 345 target price on the stock. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 345.

Knights Group Trading Up 1.8%

The company has a current ratio of 2.58, a quick ratio of 2.10 and a debt-to-equity ratio of 80.98. The stock has a market cap of £148.72 million, a P/E ratio of 137.30 and a beta of 1.12. The business’s fifty day simple moving average is GBX 182.72 and its 200 day simple moving average is GBX 178.31.

Knights Group (LON:KGH) last announced its earnings results on Monday, January 12th. The company reported GBX 14.09 earnings per share (EPS) for the quarter. Knights Group had a net margin of 6.82% and a return on equity of 10.03%. As a group, analysts expect that Knights Group Holdings plc will post 22.0875439 EPS for the current year.

About Knights Group

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.