Shore Capital Reaffirms Buy Rating for Kainos Group (LON:KNOS)

Shore Capital reiterated their buy rating on shares of Kainos Group (LON:KNOS) in a report published on Tuesday, Marketbeat.com reports.

KNOS has been the subject of several other reports. Berenberg Bank reiterated a “buy” rating and set a GBX 1,415 ($17.65) price target on shares of Kainos Group in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Kainos Group from GBX 1,235 ($15.41) to GBX 1,185 ($14.78) and set a “buy” rating on the stock in a research note on Tuesday, September 17th.

Kainos Group Price Performance

LON:KNOS opened at GBX 779 ($9.72) on Tuesday. The stock has a 50 day moving average of GBX 804.91 and a two-hundred day moving average of GBX 920.24. Kainos Group has a 12 month low of GBX 726 ($9.06) and a 12 month high of GBX 1,288 ($16.07). The firm has a market cap of £980.29 million, a P/E ratio of 1,997.44, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. The company has a current ratio of 1.81, a quick ratio of 1.59 and a debt-to-equity ratio of 3.76.

Kainos Group Cuts Dividend

The business also recently announced 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 of this dividend 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.