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Kitwave Group (LON:KITW) Trading Down 1.7% - Should You Sell?

Kitwave Group logo with Consumer Defensive background

Key Points

  • Kitwave Group's shares declined by 1.7%, closing at GBX 227 ($3.07), with trading volume down 66% from its average.
  • Analysts from Canaccord Genuity have reduced their price target for Kitwave Group from GBX 495 to GBX 420, while the stock still holds a consensus rating of “Buy”.
  • Insider Gerard T. Murray recently purchased 15,000 shares of Kitwave Group at an average cost of GBX 238, indicating insider confidence in the company.
  • Five stocks we like better than Kitwave Group.

Kitwave Group plc (LON:KITW - Get Free Report) shares dropped 1.7% during trading on Tuesday . The company traded as low as GBX 227 ($3.07) and last traded at GBX 227 ($3.07). Approximately 118,314 shares traded hands during trading, a decline of 66% from the average daily volume of 349,754 shares. The stock had previously closed at GBX 231 ($3.13).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their price objective on Kitwave Group from GBX 495 to GBX 420 and set a "buy" rating on the stock in a research report on Tuesday, July 1st. Two equities 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 a consensus price target of GBX 457.50.

Check Out Our Latest Report on Kitwave Group

Kitwave Group Trading Down 1.7%

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 firm has a fifty day simple moving average of GBX 239.02 and a two-hundred day simple moving average of GBX 271.76. The firm has a market capitalization of £190.08 million, a P/E ratio of 1,096.62 and a beta of 0.78.

Kitwave Group (LON:KITW - Get Free Report) last issued its earnings results on Tuesday, July 1st. The company reported GBX 7.90 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 anticipate that Kitwave Group plc will post 33.0838323 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kitwave Group news, insider Gerard T. Murray acquired 15,000 shares of the company's stock in a transaction on Thursday, July 3rd. The shares were acquired at an average cost of GBX 238 per share, with a total value of £35,700. 18.55% of the stock is currently owned by company insiders.

Kitwave Group Company Profile

(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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