Kitwave Group (LON:KITW - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Canaccord Genuity Group in a note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 495 ($6.61) price objective on the stock. Canaccord Genuity Group's price objective points to a potential upside of 63.91% from the stock's previous close.
Kitwave Group Trading Down 1.3 %
LON:KITW opened at GBX 302 ($4.03) on Wednesday. Kitwave Group has a 1 year low of GBX 236.28 ($3.16) and a 1 year high of GBX 392.50 ($5.24). The stock has a market cap of £242.07 million, a P/E ratio of 12.54 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. The stock has a 50-day simple moving average of GBX 266.22 and a 200-day simple moving average of GBX 294.22.
Kitwave Group (LON:KITW - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The company reported GBX 23.50 ($0.31) EPS for the quarter. Kitwave Group had a net margin of 2.83% and a return on equity of 20.87%. As a group, analysts anticipate that Kitwave Group will post 33.0838323 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, insider Ben Maxted bought 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of GBX 258 ($3.45) per share, with a total value of £51,600 ($68,901.05). Corporate insiders own 14.99% of the company's stock.
About Kitwave Group
(
Get Free Report)
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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