Kooth (LON:KOO) Given Buy Rating at Canaccord Genuity Group

Kooth (LON:KOO)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity Group in a research note issued to investors on Thursday,Digital Look reports. They presently have a GBX 580 ($7.14) price objective on the stock. Canaccord Genuity Group’s target price points to a potential upside of 241.18% from the stock’s current price.

Kooth Stock Performance

KOO stock opened at GBX 170 ($2.09) on Thursday. Kooth has a twelve month low of GBX 157 ($1.93) and a twelve month high of GBX 354 ($4.36). The firm has a market cap of £62.02 million, a price-to-earnings ratio of 1,416.67 and a beta of 0.71. The business’s fifty day simple moving average is GBX 174.18 and its two-hundred day simple moving average is GBX 247.84. The company has a quick ratio of 2.36, a current ratio of 2.19 and a debt-to-equity ratio of 0.14.

Insider Activity at Kooth

In other news, insider Timothy John Barker acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average price of GBX 160 ($1.97) per share, with a total value of £32,000 ($39,394.31). 17.30% of the stock is currently owned by company insiders.

Kooth Company Profile

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.