Kainos Group (KNOS)

Sector:

IT Services

Index:

FTSE 250

965.50p
   
  • Change Today:
    -14.50p
  • 52 Week High: 1,417.00
  • 52 Week Low: 936.50
  • Currency: UK Pounds
  • Shares Issued: 125.74m
  • Volume: 739,299
  • Market Cap: £1,214.04m

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 965.50p
Change Today -14.50p
% Change -1.48 %
52 Week High 1,417.00
52 Week Low 936.50
Volume 739,299
Shares Issued 125.74m
Market Cap £1,214.04m

Kainos Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.23% below the market average88.23% below the market average88.23% below the market average88.23% below the market average88.23% below the market average
76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average
Price Trend
47.43% below the market average47.43% below the market average47.43% below the market average47.43% below the market average47.43% below the market average
34.04% below the sector average34.04% below the sector average34.04% below the sector average34.04% below the sector average34.04% below the sector average
Income
42.24% below the market average42.24% below the market average42.24% below the market average42.24% below the market average42.24% below the market average
Sector averageSector averageSector averageSector averageSector average
Growth
97.02% above the market average97.02% above the market average97.02% above the market average97.02% above the market average97.02% above the market average
95.45% above the sector average95.45% above the sector average95.45% above the sector average95.45% above the sector average95.45% above the sector average

What The Brokers Say

Strong Buy 2
Buy 4
Neutral 3
Sell 1
Strong Sell 0
Total 10
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 23-Nov-23 28-Sep-23
Paid 15-Dec-23 20-Oct-23
Amount 8.20p 16.10p

Trades for 28-Mar-2024

Time Volume / Share Price
16:58 694 @ 970.12p
15:32 315,000 @ 975.81p
16:37 5,600 @ 970.68p
16:36 5,600 @ 970.68p
16:35 112,486 @ 965.50p

Kainos Group Key Personnel

CFO Richard McCann
Chair Tom Burnet
CEO Russell Sloan

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