Canaccord Genuity Group Reaffirms Buy Rating for Kooth (LON:KOO)

Kooth (LON:KOOGet Free Report)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity Group in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a GBX 580 ($7.24) target price on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 260.25% from the company’s previous close.

Kooth Trading Down 6.1 %

KOO stock opened at GBX 161 ($2.01) on Thursday. The company has a quick ratio of 2.36, a current ratio of 2.19 and a debt-to-equity ratio of 0.14. The company has a market cap of £58.73 million, a price-to-earnings ratio of 1,341.67 and a beta of 0.71. The business has a fifty day simple moving average of GBX 174.18 and a 200-day simple moving average of GBX 246.30. Kooth has a 52 week low of GBX 157 ($1.96) and a 52 week high of GBX 354 ($4.42).

Insider Buying and Selling

In related news, insider Timothy John Barker acquired 20,000 shares of Kooth stock in a transaction on Wednesday, October 30th. The shares were bought at an average price of GBX 160 ($2.00) per share, for a total transaction of £32,000 ($39,955.05). Corporate insiders own 17.30% of the company’s stock.

About Kooth

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At Kooth, our sole purpose is to create easy-to-access online mental health services that work alongside you to provide compassionate and effective support.

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