Canaccord Genuity Group Reiterates Buy Rating for Kitwave Group (LON:KITW)

Kitwave Group (LON:KITW)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity Group in a report issued on Thursday, Digital Look reports. They currently have a GBX 455 ($5.72) target price on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 18.48% from the company’s current price.

Kitwave Group Price Performance

Shares of KITW stock traded down GBX 22.48 ($0.28) during trading hours on Thursday, hitting GBX 384.03 ($4.82). The company’s stock had a trading volume of 875,830 shares, compared to its average volume of 169,841. The company has a current ratio of 1.29, a quick ratio of 0.65 and a debt-to-equity ratio of 69.96. The stock has a market cap of £269.24 million, a price-to-earnings ratio of 1,481.33 and a beta of 0.86. Kitwave Group has a twelve month low of GBX 236.40 ($2.97) and a twelve month high of GBX 409.50 ($5.14). The business has a fifty day moving average of GBX 347.65 and a 200-day moving average of GBX 293.66.

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.