Kooth’s (KOO) “Buy” Rating Reaffirmed at Berenberg Bank

Kooth (LON:KOO)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a report released on Tuesday, LSE.Co.UK reports. They presently have a GBX 590 ($7.79) price objective on the stock. Berenberg Bank’s price target points to a potential upside of 73.37% from the stock’s previous close.

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 580 ($7.66) price objective on shares of Kooth in a research note on Tuesday.

Kooth Trading Up 5.4 %

LON KOO opened at GBX 340.32 ($4.50) on Tuesday. The company has a quick ratio of 2.36, a current ratio of 1.86 and a debt-to-equity ratio of 0.21. The firm has a market cap of £124.15 million, a PE ratio of -31,600.00 and a beta of 0.71. The company has a 50 day moving average price of GBX 313.74 and a 200 day moving average price of GBX 297.40. Kooth has a 52 week low of GBX 254 ($3.36) and a 52 week high of GBX 344 ($4.54).

About Kooth

Kooth plc, together with its subsidiaries, provides digital mental health services to children, young people, and adults in the United Kingdom. It operates online platforms that offers various therapeutic support and interventions, including anonymous and personalised mental health support; and a community with a library of peer and professional created content, as well as provides online counselling, coaching, and support services under the Kooth, Qwell, and Soluna names.