Kainos Group’s (KNOS) Buy Rating Reaffirmed at Canaccord Genuity Group

Kainos Group (LON:KNOS)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity Group in a research report issued on Tuesday, Digital Look reports. They presently have a GBX 1,500 target price on the stock. Canaccord Genuity Group‘s price objective suggests a potential upside of 38.79% from the company’s previous close.

KNOS has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kainos Group from GBX 920 to GBX 1,260 and gave the stock a “hold” rating in a report on Tuesday, August 18th. Berenberg Bank restated a “buy” rating and set a GBX 1,330 price objective on shares of Kainos Group in a research report on Tuesday. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,294.40.

Kainos Group Stock Up 0.4%

KNOS stock opened at GBX 1,080.80 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.59 and a debt-to-equity ratio of 6.11. The company’s 50 day moving average is GBX 1,243.77 and its 200 day moving average is GBX 938.98. The stock has a market cap of £1.25 billion, a price-to-earnings ratio of 30.79, a price-to-earnings-growth ratio of 2.15 and a beta of 0.87. Kainos Group has a 1-year low of GBX 686 and a 1-year high of GBX 1,360.

Kainos Group (LON:KNOS) last announced its earnings results on Monday, November 9th. The company reported GBX 27.70 earnings per share for the quarter. Kainos Group had a net margin of 9.86% and a return on equity of 41.45%. The business had revenue of £268.80 million for the quarter. Sell-side analysts predict that Kainos Group will post 48.10 EPS for the current fiscal year.

Key Headlines Impacting Kainos Group

Here are the key news stories impacting Kainos Group this week:

• Positive Sentiment: Kainos reported first-half revenue of £268.8 million, up 37%, with sales driven by government contracts. Sales and profit beat expectations, supporting the growth outlook. Kainos revenue jumps 37% as government contracts drive first-half growth
• Positive Sentiment: Stifel Nicolaus maintained its Buy rating and 1,395p target, citing strong first-half results and growth prospects. Berenberg Bank also reaffirmed Buy, with a 1,330p target. These recommendations provide a positive analyst signal. Stifel rating report Berenberg Bank recommendations
• Negative Sentiment: First-half margins declined, tempering the otherwise strong revenue and profit performance and raising a question about profitability as the business grows. Kainos half-year margins drop but sales and profit beats expectations

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.