- Investec has upgraded its recommendation on IT services, consulting and software solutions group Kainos [LON:KNOS] to buy from hold on the back of the Company's FY16 pre-close trading update.

The broker said: "We will refine forecasts with divisional details at results.

"Despite the pull back, near term valuation is not cheap but long term potential drives our TP. Back to Buy."

Analysts have left their target unchanged at 250 pence a share, implying 32.7 per cent forecast total return.

At 1:54pm: [LON:KNOS] Kainos Group Plc Ord 0.5p share price was +16.13p at 208.88p

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