Kainos Group (KNOS)

Sector:

IT Services

Index:

FTSE 250

818.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 1,270.00p
  • 52 Week Low: 741.00p
  • Currency: UK Pounds
  • Shares Issued: 125.68m
  • Volume: 35,592
  • Market Cap: £1,028.10m
  • Beta: 1.29

Berenberg reinitiates coverage of Kainos at 'buy', shares jump

By Michele Maatouk

Date: Tuesday 30 Jan 2024

LONDON (ShareCast) - (Sharecast News) - Software company Kainos jumped on Tuesday as Berenberg re-initiated coverage of the shares with a 'buy' rating and 1,315p price target, citing an attractive entry point.
The bank said Kainos is a high-quality business that has demonstrated unusually strong revenue growth and consistently high cash returns on capital over an extended period.

"The company has developed a reputation for strong execution, driving high levels of customer satisfaction and best-in-class revenue retention," it said.

"The business is currently undergoing a cyclical slowdown in growth, and trades below its pre-Covid-19 average P/E multiple.

"In the context of a long runway for mid-teens revenue growth, margin accretion potential and, in our view, the likelihood that growth rates are close to troughing, a 4.6% free cash flow yield looks an attractive entry point."

At 1320 GMT, the shares were up 4% at 1,135p.

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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 818.00p
Change Today -2.00p
% Change -0.24 %
52 Week High 1,270.00p
52 Week Low 741.00p
Volume 35,592
Shares Issued 125.68m
Market Cap £1,028.10m
Beta 1.29

Kainos Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
83.24% below the market average83.24% below the market average83.24% below the market average83.24% below the market average83.24% below the market average
55% below the sector average55% below the sector average55% below the sector average55% below the sector average55% below the sector average
Price Trend
65.54% below the market average65.54% below the market average65.54% below the market average65.54% below the market average65.54% below the market average
72.41% below the sector average72.41% below the sector average72.41% below the sector average72.41% below the sector average72.41% below the sector average
Income
2.3% below the market average2.3% below the market average2.3% below the market average2.3% below the market average2.3% below the market average
48.15% above the sector average48.15% above the sector average48.15% above the sector average48.15% above the sector average48.15% above the sector average
Growth
78.27% above the market average78.27% above the market average78.27% above the market average78.27% above the market average78.27% above the market average
62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average

What The Brokers Say

Strong Buy 3
Buy 4
Neutral 2
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 21-Nov-24 03-Oct-24
Paid 13-Dec-24 25-Oct-24
Amount 9.30p 19.10p

Trades for 22-Nov-2024

Time Volume / Share Price
08:30 95 @ 818.00p
08:30 21 @ 817.00p
08:30 41 @ 817.00p
08:30 123 @ 816.00p
08:30 83 @ 816.00p

Kainos Group Key Personnel

CFO Richard McCann
Chair Rosaleen Blair
CEO Russell Sloan

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