Kooth (LON:KOO) Now Covered by Berenberg Bank

Berenberg Bank initiated coverage on shares of Kooth (LON:KOO) in a report released on Tuesday, Marketbeat.com reports. The firm set a “buy” rating and a GBX 590 ($7.46) price target on the stock. Berenberg Bank’s target price suggests a potential upside of 101.54% from the stock’s current price.

Separately, Canaccord Genuity Group upped their target price on shares of Kooth from GBX 565 ($7.15) to GBX 580 ($7.34) and gave the stock a “buy” rating in a research note on Wednesday, March 27th.

Kooth Price Performance

Shares of KOO stock opened at GBX 292.75 ($3.70) on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.86 and a quick ratio of 2.36. The company has a market capitalization of £106.80 million, a P/E ratio of -9,033.33 and a beta of 0.68. The company’s 50-day simple moving average is GBX 298.30 and its two-hundred day simple moving average is GBX 287.06. Kooth has a one year low of GBX 254 ($3.21) and a one year high of GBX 380 ($4.81).

Kooth Company Profile

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.