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 research note published on Wednesday morning, MarketBeat reports.

Several other research firms also recently commented on KNOS. Deutsche Bank Aktiengesellschaft lowered their target price on shares of 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. Berenberg Bank reissued a “buy” rating and issued a GBX 1,415 ($17.86) price objective on shares of Kainos Group in a research note on Friday, October 4th.

Kainos Group Stock Performance

Shares of KNOS opened at GBX 813 ($10.26) on Wednesday. The firm has a market cap of £1.02 billion, a price-to-earnings ratio of 2,084.62, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. The company’s fifty day moving average is GBX 817.59 and its 200-day moving average is GBX 964.65. The company has a quick ratio of 1.59, a current ratio of 1.81 and a debt-to-equity ratio of 3.76. Kainos Group has a 12 month low of GBX 726 ($9.16) and a 12 month high of GBX 1,288 ($16.26).

Kainos Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 21st were issued a GBX 9.30 ($0.12) dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a yield of 1.17%. Kainos Group’s dividend payout ratio (DPR) is presently 6,923.08%.

Kainos Group Company Profile

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.