Kainos Group’s (KNOS) Buy Rating Reiterated at Berenberg Bank

Kainos Group (LON:KNOS)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday,Digital Look reports. They currently have a GBX 1,185 target price on the stock. Berenberg Bank’s price objective points to a potential upside of 33.60% from the company’s current price.

A number of other brokerages have also recently commented on KNOS. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,150 target price on shares of Kainos Group in a research report on Wednesday, March 4th. Shore Capital Group reiterated a “buy” rating on shares of Kainos Group in a research report on Monday, April 20th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a GBX 1,282 target price on shares of Kainos Group in a research report on Tuesday, April 21st. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kainos Group currently has an average rating of “Buy” and a consensus price target of GBX 1,163.40.

Kainos Group Stock Performance

LON:KNOS opened at GBX 887 on Tuesday. The business has a 50 day moving average of GBX 787.91 and a 200 day moving average of GBX 883.28. The company has a market capitalization of £1.03 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 2.15 and a beta of 0.79. Kainos Group has a 1-year low of GBX 680.50 and a 1-year high of GBX 1,190. The company has a debt-to-equity ratio of 5.05, a current ratio of 1.23 and a quick ratio of 1.59.

Kainos Group (LON:KNOS) last released its earnings results on Monday, May 18th. The company reported GBX 41.60 earnings per share for the quarter. The company had revenue of £431.10 million during the quarter. Kainos Group had a return on equity of 25.32% and a net margin of 8.08%. On average, sell-side analysts predict that Kainos Group will post 48.0997625 earnings per share for the current fiscal year.

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.