Kainos Group (LON:KNOS) Receives Buy Rating from Shore Capital

Shore Capital restated their buy rating on shares of Kainos Group (LON:KNOS) in a research note issued to investors on Tuesday, MarketBeat reports.

Several other equities analysts have also recently issued reports on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,415 ($17.65) target price on shares of Kainos Group in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Kainos Group from GBX 1,235 ($15.41) to GBX 1,185 ($14.78) and set a “buy” rating for the company in a report on Tuesday, September 17th.

Kainos Group Trading Down 1.5 %

Shares of LON:KNOS opened at GBX 779 ($9.72) on Tuesday. 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 has a 12-month low of GBX 726 ($9.06) and a 12-month high of GBX 1,288 ($16.07). The business has a 50 day moving average of GBX 804.91 and a two-hundred day moving average of GBX 920.24. The company has a market capitalization of £980.29 million, a PE ratio of 1,997.44, a PEG ratio of 2.15 and a beta of 0.79.

Kainos Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, November 21st were paid 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 payout ratio is 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.