Kooth PLC -12.2% potential downside indicated by Canaccord Genuity

Kooth PLC with ticker (LON:KOO) now has a potential downside of -12.2% according to Canaccord Genuity.



Canaccord Genuity set a target price of 240 GBX for the company, which when compared to the Kooth PLC share price of 274 GBX at opening today (14/04/2023) indicates a potential downside of -12.2%. Trading has ranged between 107 (52 week low) and 274 (52 week high) with an average of 72,962 shares exchanging hands daily. The market capitalisation at the time of writing is £90,407,530.

Kooth plc is a United Kingdom-based company that provides a digital mental health platform. The principal activity of the Company is the provision of online counselling and support to children, young people, and adults in need. The Company’s integrated digital mental health platform creates a welcoming, stigma-free space for both children and adults. The Company offers various products, which include Kooth.com, Kooth Student, Kooth Adult and Kooth Work. Kooth.com is commissioned both in the United Kingdom and the United States. In the United Kingdom, the national health service (NHS), local authorities, charities, and businesses have access to anonymous and personalized mental health support for children and young people. Kooth Student is an online platform providing early intervention and therapeutic support. Kooth Adult is commissioned by the NHS, local authorities, and charities to improve the mental health of entire populations of specific cohorts.