Canaccord Genuity Group Forecasts Strong Price Appreciation for Kainos Group (LON:KNOS) Stock

Kainos Group (LON:KNOS) had its price objective hoisted by equities research analysts at Canaccord Genuity Group from GBX 1,200 to GBX 1,315 in a research report issued on Wednesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 8.61% from the stock’s current price.

Several other brokerages have also commented on KNOS. Stifel Nicolaus restated a “buy” rating and issued a GBX 1,282 price target on shares of Kainos Group in a research note on Tuesday, April 21st. Berenberg Bank increased their price objective on Kainos Group from GBX 1,185 to GBX 1,330 and gave the stock a “buy” rating in a report on Wednesday. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Kainos Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,231.17.

Kainos Group Stock Up 2.1%

Kainos Group stock opened at GBX 1,210.76 on Wednesday. The company has a debt-to-equity ratio of 6.11, a quick ratio of 1.59 and a current ratio of 1.17. Kainos Group has a one year low of GBX 686 and a one year high of GBX 1,216. The company has a 50-day simple moving average of GBX 839.35 and a 200-day simple moving average of GBX 809.11. The firm has a market capitalization of £1.40 billion, a P/E ratio of 34.49, a P/E/G ratio of 2.15 and a beta of 0.83.

Kainos Group (LON:KNOS) last issued its quarterly earnings data on Monday, May 18th. The company reported GBX 41.60 earnings per share for the quarter. Kainos Group had a net margin of 9.86% and a return on equity of 41.45%. The firm had revenue of £431.10 million for the quarter. As a group, equities analysts expect that Kainos Group will post 48.0997625 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Richard McCann sold 760,911 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of GBX 779, for a total transaction of £5,927,496.69. 19.72% of the stock is currently owned by insiders.

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.