Canaccord Genuity Group Reiterates “Buy” Rating for Kitwave Group (LON:KITW)

Canaccord Genuity Group reiterated their buy rating on shares of Kitwave Group (LON:KITW) in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a GBX 495 ($6.44) price objective on the stock.

Kitwave Group Trading Down 1.9 %

Shares of Kitwave Group stock opened at GBX 328 ($4.27) on Thursday. Kitwave Group has a 52-week low of GBX 242.77 ($3.16) and a 52-week high of GBX 409.50 ($5.33). The company has a quick ratio of 0.65, a current ratio of 1.02 and a debt-to-equity ratio of 103.83. The company’s 50-day simple moving average is GBX 331.25 and its 200-day simple moving average is GBX 340.31. The firm has a market cap of £263.84 million, a price-to-earnings ratio of 1,366.67 and a beta of 0.78.

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.