LON:KITW - Get Free Report )'s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 409.50 ($5.14) and last traded at GBX 406.50 ($5.11), with a volume of 502808 shares trading hands. The stock had previously closed at GBX 387 ($4.86).
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Analysts Set New Price Targets Separately, Canaccord Genuity Group boosted their target price on shares of Kitwave Group from GBX 435 ($5.46) to GBX 455 ($5.72) and gave the company a "buy" rating in a research report on Thursday, March 28th.
Get Our Latest Stock Report on Kitwave Group
Kitwave Group Stock Performance The company has a 50 day simple moving average of GBX 347.65 and a 200 day simple moving average of GBX 293.66. The company has a quick ratio of 0.65, a current ratio of 1.29 and a debt-to-equity ratio of 69.96. The stock has a market cap of £285.00 million, a price-to-earnings ratio of 1,563.46 and a beta of 0.86.
Kitwave Group Increases Dividend The company also recently disclosed a dividend, which was paid on Friday, April 26th. Stockholders of record on Thursday, April 4th were paid a GBX 7.45 ($0.09) dividend. The ex-dividend date was Thursday, April 4th. This represents a dividend yield of 2.51%. This is an increase from Kitwave Group's previous dividend of $3.75. Kitwave Group's dividend payout ratio is currently 4,230.77%.
About Kitwave Group (
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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.
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