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

Kitwave Group (LON:KITW)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity Group in a report issued on Thursday, Digital Look reports. They presently have a GBX 495 ($6.44) target price on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 48.03% from the company’s current price.

Kitwave Group Stock Down 1.1 %

Kitwave Group 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 stock has a market capitalization of £268.99 million, a P/E ratio of 1,393.33 and a beta of 0.78. The firm’s fifty day simple moving average is GBX 331.03 and its 200-day simple moving average is GBX 340.61. The company has a debt-to-equity ratio of 103.83, a quick ratio of 0.65 and a current ratio of 1.02. Kitwave Group has a 1-year low of GBX 242.77 ($3.16) and a 1-year high of GBX 409.50 ($5.33).

About Kitwave Group

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.