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

Kitwave Group (LON:KITW)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity Group in a research note issued on Tuesday, Digital Look reports. They currently have a GBX 455 ($5.76) target price on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 44.83% from the stock’s previous close.

Kitwave Group Price Performance

Shares of Kitwave Group stock opened at GBX 314.16 ($3.97) on Tuesday. The company has a market cap of £220.26 million, a PE ratio of 1,200.71 and a beta of 0.85. The business has a 50 day moving average of GBX 364.93 and a 200 day moving average of GBX 325.87. Kitwave Group has a 52 week low of GBX 236.40 ($2.99) and a 52 week high of GBX 409.50 ($5.18). The company has a quick ratio of 0.65, a current ratio of 1.29 and a debt-to-equity ratio of 69.96.

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.