Canaccord Genuity Group Reiterates “Hold” Rating for Kainos Group (LON:KNOS)

Kainos Group (LON:KNOS)‘s stock had its “hold” rating reissued by analysts at Canaccord Genuity Group in a report issued on Tuesday, Marketbeat.com reports. They currently have a GBX 1,000 ($12.56) price target on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 0.81% from the stock’s current price.

Several other research analysts also recently commented on the company. Shore Capital reaffirmed a “buy” rating on shares of Kainos Group in a research report on Monday, April 15th. Berenberg Bank lowered their price target on Kainos Group from GBX 1,315 ($16.52) to GBX 1,260 ($15.83) and set a “buy” rating for the company in a research note on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Kainos Group currently has an average rating of “Hold” and a consensus target price of GBX 1,280 ($16.08).

Kainos Group Stock Performance

Shares of KNOS opened at GBX 992 ($12.46) on Tuesday. The firm has a 50-day moving average price of GBX 1,000.02 and a 200 day moving average price of GBX 1,041.69. The firm has a market capitalization of £1.25 billion, a PE ratio of 3,006.06, a P/E/G ratio of 2.15 and a beta of 0.72. Kainos Group has a 52-week low of GBX 900.50 ($11.31) and a 52-week high of GBX 1,421 ($17.85). The company has a quick ratio of 1.59, a current ratio of 1.55 and a debt-to-equity ratio of 2.95.

About Kainos Group

Kainos Group plc provides 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 public sector, commercial, and healthcare customers.