Kooth (LON:KOO) Earns Buy Rating from Analysts at Berenberg Bank

Equities researchers at Berenberg Bank began coverage on shares of Kooth (LON:KOO) in a research note issued to investors on Tuesday, Digital Look reports. The firm set a “buy” rating and a GBX 590 ($7.46) price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 101.54% from the stock’s previous close.

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

Kooth Stock Performance

Shares of KOO stock traded down GBX 0.25 ($0.00) during midday trading on Tuesday, hitting GBX 292.75 ($3.70). The company had a trading volume of 25,144 shares, compared to its average volume of 38,505. The company’s 50 day simple moving average is GBX 297.68 and its 200 day simple moving average is GBX 287.02. Kooth has a 52-week low of GBX 254 ($3.21) and a 52-week high of GBX 380 ($4.81). The stock has a market cap of £106.80 million, a price-to-earnings ratio of -9,033.33 and a beta of 0.68. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.86 and a quick ratio of 2.36.

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.