Kainos Group’s (KNOS) Buy Rating Reiterated at Shore Capital

Shore Capital restated their buy rating on shares of Kainos Group (LON:KNOS) in a research report released on Wednesday morning, Marketbeat Ratings reports.

Other analysts also recently issued reports about the stock. Berenberg Bank reissued a “buy” rating and set a GBX 1,415 ($17.86) target price on shares of Kainos Group in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft dropped their price target on Kainos Group from GBX 1,235 ($15.59) to GBX 1,185 ($14.96) and set a “buy” rating on the stock in a research report on Tuesday, September 17th.

Kainos Group Stock Performance

Kainos Group stock opened at GBX 813 ($10.26) on Wednesday. Kainos Group has a fifty-two week low of GBX 726 ($9.16) and a fifty-two week high of GBX 1,288 ($16.26). The firm’s 50 day simple moving average is GBX 817.59 and its 200-day simple moving average is GBX 964.65. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.59. The company has a market cap of £1.02 billion, a P/E ratio of 2,084.62, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79.

Kainos Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, November 21st were issued a dividend of GBX 9.30 ($0.12) per share. This represents a dividend yield of 1.17%. The ex-dividend date was Thursday, November 21st. Kainos Group’s dividend payout ratio is currently 6,923.08%.

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.