Canaccord Genuity Group Reiterates Buy Rating for Kinovo (LON:KINO)

Kinovo (LON:KINO)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity Group in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 95 ($1.24) target price on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 54.47% from the stock’s previous close.

Kinovo Stock Performance

KINO stock traded up GBX 0.50 ($0.01) during trading on Thursday, reaching GBX 61.50 ($0.80). 189,961 shares of the company’s stock were exchanged, compared to its average volume of 121,344. The firm has a market cap of £38.94 million, a PE ratio of 768.75 and a beta of 1.04. The company has a quick ratio of 0.53, a current ratio of 0.71 and a debt-to-equity ratio of 95.17. Kinovo has a 1-year low of GBX 25 ($0.33) and a 1-year high of GBX 79 ($1.03). The company’s fifty day moving average price is GBX 65.45 and its 200-day moving average price is GBX 63.18.

About Kinovo

Kinovo plc, through its subsidiaries, provides gas heating, electrical, and general building services to housing associations and local authorities, public buildings, industrial and commercial, and education and private sectors in the United Kingdom. The company operates through Mechanical Services, Building Services, and Electrical Services segments.