Kitwave Group (LON:KITW) Shares Up 0.3% – Should You Buy?

Kitwave Group plc (LON:KITW)’s stock price traded up 0.3% during trading on Thursday . The stock traded as high as GBX 298 and last traded at GBX 298. 979,002 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 1,464,598 shares. The stock had previously closed at GBX 297.

Analyst Upgrades and Downgrades

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

Kitwave Group Price Performance

The stock’s 50-day moving average is GBX 241.62 and its 200 day moving average is GBX 229.94. The company has a debt-to-equity ratio of 103.83, a quick ratio of 0.65 and a current ratio of 1.02. The stock has a market capitalization of £248.70 million, a PE ratio of 14.78 and a beta of 0.78.

Kitwave Group (LON:KITW) last issued its quarterly earnings data on Thursday, January 22nd. The company reported GBX 20.10 earnings per share for the quarter. Kitwave Group had a return on equity of 20.87% and a net margin of 2.83%. As a group, equities analysts expect that Kitwave Group plc will post 33.0838323 earnings per share for the current year.

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. Currently, the Group sells a broad portfolio of over 44,000 Ambient, Frozen & Chilled and Foodservice products.

The diverse customer base includes independent convenience retailers, leisure outlets, vending machine operators, foodservice providers and other wholesalers, as well as leading national retailers.