Knights Group (LON:KGH) Trading Up 9.5% – What’s Next?

Knights Group Holdings plc (LON:KGH)’s stock price was up 9.5% during trading on Wednesday . The company traded as high as GBX 194.01 and last traded at GBX 189.50. Approximately 247,772 shares changed hands during trading, an increase of 19% from the average daily volume of 207,633 shares. The stock had previously closed at GBX 173.

Wall Street Analyst Weigh In

A number of research analysts have commented on KGH shares. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 220 target price on shares of Knights Group in a report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 210 target price on shares of Knights Group in a report on Thursday. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 258.33.

Knights Group Price Performance

The company has a current ratio of 2.53, a quick ratio of 2.10 and a debt-to-equity ratio of 136.39. The business has a 50-day moving average price of GBX 165.21 and a two-hundred day moving average price of GBX 171.38. The firm has a market capitalization of £165.06 million, a price-to-earnings ratio of 152.38 and a beta of 1.42.

About Knights Group

Knights Group Holdings plc provides legal and professional services in the United Kingdom. The company offers business services comprising of banking, commercial, corporate, data protection, debt advisory , dispute resolution, and housing and regeneration. It also offers services in the areas of immigration, licensing and gambling, and employment. In addition, the company provides personal services in the areas of agriculture, charities, conveyancing, family, landed estates, planning, professional discipline, tax and trusts, and wills and estates.