Kooth (LON:KOO) Shares Up 7.6% – Should You Buy?

Kooth plc (LON:KOO) shares shot up 7.6% during mid-day trading on Wednesday . The stock traded as high as GBX 152 and last traded at GBX 148. 84,281 shares changed hands during trading, a decline of 21% from the average session volume of 106,127 shares. The stock had previously closed at GBX 137.50.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KOO. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 360 price objective on shares of Kooth in a report on Tuesday, April 21st. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 330 price objective on shares of Kooth in a report on Wednesday, April 8th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kooth has a consensus rating of “Buy” and an average target price of GBX 330.

Kooth Trading Down 2.0%

The stock has a market cap of £61.66 million, a P/E ratio of 24.29 and a beta of 1.24. The company has a 50-day moving average price of GBX 123.84 and a two-hundred day moving average price of GBX 122.53.

Kooth (LON:KOO) last released its earnings results on Wednesday, April 8th. The company reported GBX 0.07 earnings per share for the quarter. The firm had revenue of GBX 6,329 million for the quarter. Kooth had a return on equity of 8.84% and a net margin of 4.12%. As a group, equities analysts forecast that Kooth plc will post 12.9798903 earnings per share for the current fiscal year.

Kooth Company Profile

At Kooth, our sole purpose is to create easy-to-access online mental health services that work alongside you to provide compassionate and effective support.