Kooth (LON:KOO) Rating Reiterated by Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Kooth (LON:KOO) in a report published on Tuesday morning, MarketBeat reports. Canaccord Genuity Group currently has a GBX 580 ($7.66) price target on the stock.

Separately, Berenberg Bank initiated coverage on Kooth in a report on Tuesday, July 2nd. They issued a buy rating and a GBX 590 ($7.79) price target for the company.

Kooth Price Performance

KOO opened at GBX 339 ($4.48) on Tuesday. The stock has a market cap of £123.67 million, a P/E ratio of 2,833.33 and a beta of 0.71. Kooth has a 12 month low of GBX 254 ($3.36) and a 12 month high of GBX 354 ($4.68). 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 company has a fifty day simple moving average of GBX 315.96 and a 200 day simple moving average of GBX 298.60.

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.