Shore Capital Reiterates Buy Rating for Kainos Group (LON:KNOS)

Kainos Group (LON:KNOS)‘s stock had its “buy” rating reiterated by research analysts at Shore Capital in a report issued on Wednesday, Digital Look reports.

Several other equities research analysts also recently issued reports on the company. Canaccord Genuity lifted their price objective on Kainos Group from GBX 1,550 ($20.25) to GBX 1,630 ($21.30) and gave the stock a “buy” rating in a report on Monday, January 25th. Berenberg Bank restated a “buy” rating and set a GBX 1,600 ($20.90) price objective on shares of Kainos Group in a report on Monday.

Kainos Group stock opened at GBX 1,697 ($22.17) on Wednesday. The company has a debt-to-equity ratio of 4.45, a quick ratio of 1.96 and a current ratio of 2.00. Kainos Group has a one year low of GBX 628.50 ($8.21) and a one year high of GBX 1,718 ($22.45). The stock’s 50 day moving average price is GBX 1,416.78 and its 200 day moving average price is GBX 1,271.31. The firm has a market capitalization of £2.08 billion and a PE ratio of 74.10.

In other news, insider Paul Gannon sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 10th. The stock was sold at an average price of GBX 1,335 ($17.44), for a total value of £2,670,000 ($3,488,372.09).

About Kainos Group

Kainos Group plc provides digital technology services and platforms for public and private organizations in the United Kingdom, the Republic of Ireland, the United States, and internationally. It operates through two divisions, Digital Services and Workday Practice. The Digital Services division delivers customized online digital solutions, including digital transformation, artificial intelligence, data, cloud, design, consulting, and internet of things principally for public sector, commercial sector, and healthcare organizations.

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