Berenberg Bank Cuts Kainos Group (LON:KNOS) Price Target to GBX 1,260

Kainos Group (LON:KNOS) had its price target reduced by equities research analysts at Berenberg Bank from GBX 1,315 ($16.37) to GBX 1,260 ($15.69) in a note issued to investors on Monday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 24.51% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 1,000 ($12.45) price target on shares of Kainos Group in a report on Monday. Shore Capital reiterated a “buy” rating on shares of Kainos Group in a report on Monday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Kainos Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,280 ($15.93).

Kainos Group Price Performance

Shares of KNOS opened at GBX 1,012 ($12.60) on Monday. The firm’s 50-day simple moving average is GBX 1,050.17 and its two-hundred day simple moving average is GBX 1,060.05. Kainos Group has a fifty-two week low of GBX 900.50 ($11.21) and a fifty-two week high of GBX 1,421 ($17.69). The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.59 and a current ratio of 1.55. The stock has a market cap of £1.27 billion, a PE ratio of 3,066.67, a price-to-earnings-growth ratio of 2.15 and a beta of 0.73.

Kainos Group Company Profile

Kainos Group plc provides 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 public sector, commercial, and healthcare customers.