Kitwave Group (LON:KITW) Receives Buy Rating from Canaccord Genuity Group

Kitwave Group (LON:KITW)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity Group in a research report issued on Thursday, Marketbeat.com reports. They presently have a GBX 495 ($6.44) price objective on the stock. Canaccord Genuity Group’s target price points to a potential upside of 50.91% from the stock’s current price.

Kitwave Group Trading Down 1.9 %

Shares of LON:KITW opened at GBX 328 ($4.27) on Thursday. The company has a 50-day simple moving average of GBX 331.25 and a 200 day simple moving average of GBX 340.38. The company has a market capitalization of £263.84 million, a P/E ratio of 1,366.67 and a beta of 0.78. 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 52-week low of GBX 242.77 ($3.16) and a 52-week high of GBX 409.50 ($5.33).

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.