Kainos Group (LON:KNOS) Price Target Cut to GBX 1,260 by Analysts at Berenberg Bank

Kainos Group (LON:KNOS) had its price target decreased by Berenberg Bank from GBX 1,315 ($16.37) to GBX 1,260 ($15.69) in a research report released on Monday, MarketBeat.com reports. Berenberg Bank currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on the company. Canaccord Genuity Group reiterated a buy rating and issued a GBX 1,000 ($12.45) price target on shares of Kainos Group in a report on Monday. Shore Capital restated a buy rating on shares of Kainos Group in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of GBX 1,280 ($15.93).

Kainos Group Trading Down 1.1 %

KNOS opened at GBX 914 ($11.38) on Monday. The stock’s fifty day moving average is GBX 1,038.61 and its two-hundred day moving average is GBX 1,057.32. The company has a market capitalization of £1.15 billion, a P/E ratio of 2,769.70, a PEG ratio of 2.15 and a beta of 0.73. Kainos Group has a 52 week low of GBX 900.50 ($11.21) and a 52 week high of GBX 1,421 ($17.69). 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.