Kitwave Group (LON:KITW) Given “Buy” Rating at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Kitwave Group (LON:KITW) in a research note issued to investors on Tuesday morning, MarketBeat reports. Canaccord Genuity Group currently has a GBX 455 ($5.76) target price on the stock.

Kitwave Group Trading Up 1.6 %

Shares of KITW opened at GBX 313.50 ($3.97) on Tuesday. Kitwave Group has a 1-year low of GBX 236.40 ($2.99) and a 1-year high of GBX 409.50 ($5.18). The company has a 50-day moving average of GBX 361.44 and a 200 day moving average of GBX 325.92. The firm has a market capitalization of £219.79 million, a price-to-earnings ratio of 1,205.77 and a beta of 0.85. The company has a debt-to-equity ratio of 69.96, a current ratio of 1.29 and a quick ratio of 0.65.

Kitwave Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, July 11th will be issued a dividend of GBX 3.85 ($0.05) per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a yield of 1.15%. Kitwave Group’s payout ratio is 4,230.77%.

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.