Knights Group (LON:KGH) Shares Up 0.8% – Still a Buy?

Knights Group Holdings plc (LON:KGH)’s share price shot up 0.8% during mid-day trading on Monday . The stock traded as high as GBX 183 and last traded at GBX 181. 173,506 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 212,485 shares. The stock had previously closed at GBX 179.64.

Wall Street Analysts Forecast Growth

KGH has been the topic of several analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 355 price target on shares of Knights Group in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 210 price objective on shares of Knights Group in a research report on Thursday, May 21st. Finally, Stifel Nicolaus restated a “buy” rating and set a GBX 220 target price on shares of Knights Group in a research note on Wednesday, May 20th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 261.67.

Knights Group Price Performance

The company has a debt-to-equity ratio of 116.67, a current ratio of 2.26 and a quick ratio of 2.10. The firm has a 50-day moving average of GBX 182.81 and a 200-day moving average of GBX 176.10. The stock has a market cap of £155.60 million, a PE ratio of 34.74 and a beta of 1.47.

Knights Group (LON:KGH) last issued its earnings results on Monday, July 6th. The company reported GBX 28.14 earnings per share (EPS) for the quarter. Knights Group had a return on equity of 4.58% and a net margin of 2.28%. Research analysts predict that Knights Group Holdings plc will post 22.0875439 EPS for the current year.

Knights Group Company Profile

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.