Canaccord Genuity Group reissued their buy rating on shares of Kitwave Group (LON:KITW - Free Report) in a research note issued to investors on Wednesday morning, Marketbeat.com reports. Canaccord Genuity Group currently has a GBX 495 ($6.58) price objective on the stock.
Kitwave Group Trading Up 1.7%
Kitwave Group stock traded up GBX 5 ($0.07) during trading on Wednesday, reaching GBX 305 ($4.05). 369,567 shares of the company were exchanged, compared to its average volume of 290,638. Kitwave Group has a 52-week low of GBX 236.28 ($3.14) and a 52-week high of GBX 392.50 ($5.22). The company has a market capitalization of £244.48 million, a P/E ratio of 12.66 and a beta of 0.78. The company has a debt-to-equity ratio of 103.83, a current ratio of 1.02 and a quick ratio of 0.65. The stock's 50 day simple moving average is GBX 267.94 and its two-hundred day simple moving average is GBX 293.39.
Kitwave Group (LON:KITW - Get Free Report) last posted its earnings results on Tuesday, March 4th. The company reported GBX 23.50 ($0.31) earnings per share (EPS) for the quarter. Kitwave Group had a return on equity of 20.87% and a net margin of 2.83%. On average, equities research analysts expect that Kitwave Group will post 33.0838323 earnings per share for the current fiscal year.
Insider Activity
In other Kitwave Group news, insider Ben Maxted purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of GBX 258 ($3.43) per share, with a total value of £51,600 ($68,562.32). Insiders own 14.99% of the company's stock.
Kitwave Group Company Profile
(
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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.
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