Kooth (LON:KOO) Price Target Cut to GBX 490 by Analysts at Canaccord Genuity Group

Kooth (LON:KOO) had its price objective lowered by research analysts at Canaccord Genuity Group from GBX 580 ($7.65) to GBX 490 ($6.46) in a research report issued on Tuesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 222.16% from the stock’s previous close.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 300 ($3.96) target price on shares of Kooth in a research note on Tuesday.

Kooth Stock Performance

KOO stock traded up GBX 21.10 ($0.28) during midday trading on Tuesday, reaching GBX 152.10 ($2.01). 475,406 shares of the company’s stock traded hands, compared to its average volume of 104,289. Kooth has a 52-week low of GBX 120 ($1.58) and a 52-week high of GBX 354 ($4.67). The stock’s 50-day moving average is GBX 144.12 and its 200 day moving average is GBX 176.17. The company has a current ratio of 2.19, a quick ratio of 2.36 and a debt-to-equity ratio of 0.13. The stock has a market cap of £55.82 million, a P/E ratio of 14.29 and a beta of 0.71.

Kooth (LON:KOO) last posted its quarterly earnings data on Tuesday, April 15th. The company reported GBX 22 ($0.29) earnings per share for the quarter. Kooth had a return on equity of 18.59% and a net margin of 7.89%. As a group, analysts anticipate that Kooth will post 12.9798903 EPS for the current year.

About Kooth

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.