Kooth (LON:KOO) Earns “Buy” Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Kooth (LON:KOO) in a report released on Tuesday, Marketbeat reports. They currently have a GBX 590 ($7.79) price objective on the stock.

Separately, Canaccord Genuity Group reiterated a buy rating and set a GBX 580 ($7.66) target price on shares of Kooth in a research report on Tuesday.

Kooth Stock Performance

Shares of KOO stock opened at GBX 339 ($4.48) on Tuesday. The business’s 50-day moving average price is GBX 315.96 and its 200-day moving average price is GBX 298.60. Kooth has a 12 month low of GBX 254 ($3.36) and a 12 month high of GBX 354 ($4.68). The company has a current ratio of 1.86, a quick ratio of 2.36 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of £123.67 million, a price-to-earnings ratio of 2,833.33 and a beta of 0.71.

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.