Kitwave Group (LON:KITW) Stock Rating Reaffirmed by Canaccord Genuity Group

Kitwave Group (LON:KITW)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a report released on Thursday, Marketbeat reports. They currently have a GBX 455 ($5.72) target price on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 17.12% from the company’s current price.

Kitwave Group Stock Performance

Shares of LON:KITW opened at GBX 388.50 ($4.88) on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.65 and a debt-to-equity ratio of 69.96. Kitwave Group has a 12 month low of GBX 236.40 ($2.97) and a 12 month high of GBX 409.50 ($5.14). The company has a market capitalization of £272.38 million, a price-to-earnings ratio of 1,494.23 and a beta of 0.86. The firm’s 50-day moving average is GBX 350.95 and its 200 day moving average is GBX 295.15.

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.