Kitwave Group (LON:KITW) Stock Rating Reaffirmed by Canaccord Genuity Group

Kitwave Group (LON:KITW - Get Free Report)'s stock had its "buy" rating reiterated by Canaccord Genuity Group in a research report issued on Thursday, Marketbeat.com reports. They presently have a GBX 455 ($5.72) target price on the stock. Canaccord Genuity Group's price objective suggests a potential upside of 18.34% from the stock's previous close.

Kitwave Group Price Performance

LON KITW traded down GBX 22 ($0.28) during mid-day trading on Thursday, hitting GBX 384.50 ($4.83). The stock had a trading volume of 1,132,251 shares, compared to its average volume of 172,666. The firm's 50 day moving average is GBX 349.24 and its 200 day moving average is GBX 294.29. Kitwave Group has a twelve month low of GBX 236.40 ($2.97) and a twelve month high of GBX 409.50 ($5.14). The company has a debt-to-equity ratio of 69.96, a current ratio of 1.29 and a quick ratio of 0.65. The stock has a market capitalization of £269.57 million, a price-to-earnings ratio of 1,478.85 and a beta of 0.86.

Kitwave Group Company Profile

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.