Knights Group (LON:KGH) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Knights Group Holdings plc (LON:KGH) shares crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 167.55 and traded as high as GBX 168.50. Knights Group shares last traded at GBX 168.50, with a volume of 30,440 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KGH. Canaccord Genuity Group restated a “buy” rating and set a GBX 355 price objective on shares of Knights Group in a research report on Friday, August 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 250 price target on shares of Knights Group in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 275.

Knights Group Stock Performance

The company has a market capitalization of £144.19 million, a PE ratio of 32.19 and a beta of 1.46. The company has a debt-to-equity ratio of 116.67, a quick ratio of 2.10 and a current ratio of 2.26. The stock’s fifty day simple moving average is GBX 167.55 and its 200-day simple moving average is GBX 173.84.

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.