Canaccord Genuity Group Issues Pessimistic Forecast for Kitwave Group (LON:KITW) Stock Price

Kitwave Group (LON:KITW) had its price target lowered by stock analysts at Canaccord Genuity Group from GBX 495 ($6.76) to GBX 420 ($5.74) in a research report issued on Tuesday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 73.55% from the stock’s previous close.

Kitwave Group Trading Down 1.6%

Shares of KITW opened at GBX 242 ($3.30) on Tuesday. The stock’s 50-day moving average is GBX 311.87 and its two-hundred day moving average is GBX 291.91. The stock has a market cap of £193.98 million, a PE ratio of 10.05 and a beta of 0.78. Kitwave Group has a 12 month low of GBX 230 ($3.14) and a 12 month high of GBX 355 ($4.85). The company has a debt-to-equity ratio of 103.83, a current ratio of 1.02 and a quick ratio of 0.65.

Kitwave Group (LON:KITW) last issued its quarterly earnings data on Tuesday, July 1st. The company reported GBX 7.90 ($0.11) EPS for the quarter. Kitwave Group had a return on equity of 20.87% and a net margin of 2.83%. Equities analysts forecast that Kitwave Group will post 33.0838323 earnings per share for the current fiscal year.

Kitwave Group Company Profile

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.