Kitwave Group (LON:KITW) Receives Buy Rating from Canaccord Genuity Group

Kitwave Group (LON:KITW)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity Group in a research note issued on Thursday, Digital Look reports. They currently have a GBX 495 ($6.44) price target on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 48.03% from the stock’s previous close.

Kitwave Group Trading Down 1.1 %

KITW stock traded down GBX 3.60 ($0.05) during midday trading on Thursday, reaching GBX 334.40 ($4.35). The stock had a trading volume of 80,604 shares, compared to its average volume of 203,781. The company has a quick ratio of 0.65, a current ratio of 1.02 and a debt-to-equity ratio of 103.83. Kitwave Group has a twelve month low of GBX 242.77 ($3.16) and a twelve month high of GBX 409.50 ($5.33). The firm has a market cap of £268.99 million, a price-to-earnings ratio of 1,393.33 and a beta of 0.78. The business has a fifty day simple moving average of GBX 331.03 and a two-hundred day simple moving average of GBX 340.61.

Kitwave Group Company Profile

Kitwave Group plc engages in the wholesale business in the United Kingdom. It operates in three divisions: Ambient, Frozen & Chilled, and Foodservice. The Ambient division supplies confectionery, soft drinks, crisps and snacks, and tobacco. This division serves independent convenience stores, vending operators, national retailers, and other UK wholesalers.