Kitwave Group (LON:KITW) Sets New 52-Week Low - Should You Sell?

Key Points

• Kitwave Group shares reached a new 52-week low of GBX 215 ($2.86) during mid-day trading, closing at the same price after a previous close of GBX 220 ($2.93).
• Analysts from Canaccord Genuity have reduced their price target for Kitwave Group from GBX 495 to GBX 420 while maintaining a "buy" rating, positioning the stock with a consensus rating of "Buy" and an average target of GBX 457.50.
• With a high P/E ratio of 1,038.65 and a market capitalization of £180.03 million, Kitwave Group operates as a delivered wholesale business catering to over 46,000 customers across the UK.

Kitwave Group plc (LON:KITW - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 215 ($2.86) and last traded at GBX 215 ($2.86), with a volume of 429812 shares. The stock had previously closed at GBX 220 ($2.93).

Analyst Ratings Changes

Separately, Canaccord Genuity Group dropped their price target on Kitwave Group from GBX 495 to GBX 420 and set a "buy" rating for the company in a research note on Tuesday, July 1st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of GBX 457.50.

Kitwave Group Price Performance

The firm has a market capitalization of £180.03 million, a P/E ratio of 1,038.65 and a beta of 0.78. The firm's 50 day simple moving average is GBX 229.79 and its two-hundred day simple moving average is GBX 265.42. The company has a debt-to-equity ratio of 103.83, a current ratio of 1.02 and a quick ratio of 0.65.

Kitwave Group Company Profile

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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