Kitwave Group (LON:KITW) Shares Up 0.5% – Here’s Why

Kitwave Group plc (LON:KITW) rose 0.5% during mid-day trading on Friday . The stock traded as high as GBX 213 and last traded at GBX 210. Approximately 308,071 shares changed hands during trading, a decline of 8% from the average daily volume of 334,257 shares. The stock had previously closed at GBX 209.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 420 price objective on shares of Kitwave Group in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Kitwave Group currently has a consensus rating of “Buy” and a consensus target price of GBX 420.

Kitwave Group Stock Performance

The firm has a market capitalization of £175.85 million, a P/E ratio of 10.14 and a beta of 0.78. The company has a 50-day simple moving average of GBX 212.75 and a two-hundred day simple moving average of GBX 242.49. The company has a debt-to-equity ratio of 103.83, a quick ratio of 0.65 and a current ratio of 1.02.

About Kitwave Group

Kitwave Group plc is a delivered wholesale business with over 2,100 employees and a network of 37 depots able to support delivery throughout the UK, specialising in selling impulse products (such as confectionery, soft drinks, snacks, ice cream), frozen and chilled foods, alcohol, groceries and tobacco to over 46,000, mainly independent, customers.