Kainos Group (KNOS)

Sector:

IT Services

Index:

FTSE 250

1,488.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 1,740.00
  • 52 Week Low: 954.50
  • Currency: UK Pounds
  • Shares Issued: 124.48m
  • Volume: 246,276
  • Market Cap: £1,852.31m

Canaccord Genuity raises target price on Kainos

By Iain Gilbert

Date: Monday 14 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity raised their target price on software firm Kainos from 1,350.0p to 1,525.0p on Monday, stating the group was "not slowing down".
Canaccord Genuity, which has a 'buy' rating on the stock, noted that following Kainos' "very strong" trading performance, flagged during its September update, reported sales rose 26% in the first half to £180.0m.

As a result, Canaccord raised its sales estimates by 5%, with the implied 19% year-on-year growth in the second half "well underpinned by backlog".

"Our adj. EPS estimates for the current financial year are upgraded by 3%. We have also trimmed our FY25E free cash flow and net cash estimates by ~£16m to account for the planned new headquarters," said the Canadian bank.

"Our thesis remains unchanged - after digesting post-COVID cost and margin headwinds in FY22, Kainos is now firmly back on a double-digit EPS growth path. In a bull case scenario where we assume the company continues on the current trajectory (+19% revenue CAGR) we see three-year bull case upside potential to £19/share (FY26E EPS of 76p @ 25x P/E)."





Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Kainos Group Market Data

Currency UK Pounds
Share Price 1,488.00p
Change Today -1.00p
% Change -0.07 %
52 Week High 1,740.00
52 Week Low 954.50
Volume 246,276
Shares Issued 124.48m
Market Cap £1,852.31m

Kainos Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.21% below the market average86.21% below the market average86.21% below the market average86.21% below the market average86.21% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average
Price Trend
77.98% above the market average77.98% above the market average77.98% above the market average77.98% above the market average77.98% above the market average
73.08% above the sector average73.08% above the sector average73.08% above the sector average73.08% above the sector average73.08% above the sector average
Income
64.82% below the market average64.82% below the market average64.82% below the market average64.82% below the market average64.82% below the market average
46.67% below the sector average46.67% below the sector average46.67% below the sector average46.67% below the sector average46.67% below the sector average
Growth
50.63% above the market average50.63% above the market average50.63% above the market average50.63% above the market average50.63% above the market average
81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 4
Sell 1
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Kainos Group Dividends

  Latest Previous
  Interim Final
Ex-Div 24-Nov-22 06-Oct-22
Paid 16-Dec-22 28-Oct-22
Amount 7.80p 15.10p

Trades for 27-Jan-2023

Time Volume / Share Price
16:29 13 @ 1,492.00p
16:29 4 @ 1,491.00p
16:29 2 @ 1,491.00p
16:29 57 @ 1,490.00p
16:29 57 @ 1,490.00p

Kainos Group Key Personnel

CEO Brendan Mooney
CFO Richard McCann
Chair Tom Burnet

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