Kainos Group (KNOS)

Sector:

IT Services

Index:

FTSE 250

1,581.00p
   
  • Change Today:
      11.00p
  • 52 Week High: 1,740.00
  • 52 Week Low: 954.50
  • Currency: UK Pounds
  • Shares Issued: 124.60m
  • Volume: 148,426
  • Market Cap: £1,969.85m

Berenberg lifts Kainos to 'buy' after 'strong' results

By Michele Maatouk

Date: Wednesday 16 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Berenberg upgraded software firm Kainos on Wednesday to 'buy' from 'hold' and hiked the price target to 1,700p from 1,200p following the company's "strong" first-half results.


The bank said growth exceeded its expectations. "While margins were lower, this was not for the reasons that we had feared," it said.

"In fact, the underlying profitability of the business was masked by an exceptionally large investment in the company's software products (a good thing) and by fewer billable days caused by bank holidays (a one-off).

"With management commenting that many customers are 'accelerating' their digital investment agendas, it appears there will be no slowdown in the near term."

Berenberg said that as the true profitability of this business swings through in the second half, there is scope for upside.

"While circa 30x 2024 price-to-earnings looks expensive, we are now far more confident in upside scenarios playing out. This would reduce the multiple to beneath 20x."

At 1100 GMT, the shares were up 6.7% at 1,537.64p.

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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 1,581.00p
Change Today 11.00p
% Change 0.70 %
52 Week High 1,740.00
52 Week Low 954.50
Volume 148,426
Shares Issued 124.60m
Market Cap £1,969.85m

Kainos Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.84% below the market average86.84% below the market average86.84% below the market average86.84% below the market average86.84% below the market average
78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average
Price Trend
66.94% above the market average66.94% above the market average66.94% above the market average66.94% above the market average66.94% above the market average
66.99% above the sector average66.99% above the sector average66.99% above the sector average66.99% above the sector average66.99% above the sector average
Income
66.9% below the market average66.9% below the market average66.9% below the market average66.9% below the market average66.9% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Growth
50.03% above the market average50.03% above the market average50.03% above the market average50.03% above the market average50.03% above the market average
81.63% above the sector average81.63% above the sector average81.63% above the sector average81.63% above the sector average81.63% 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 03-Feb-2023

Time Volume / Share Price
16:35 31,098 @ 1,581.00p
16:35 218 @ 1,581.00p
16:35 190 @ 1,581.00p
16:35 169 @ 1,581.00p
16:35 262 @ 1,581.00p

Kainos Group Key Personnel

CEO Brendan Mooney
CFO Richard McCann
Chair Tom Burnet

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