Kitwave Group (LON:KITW) Given “Buy” Rating at Canaccord Genuity Group

Kitwave Group (LON:KITW)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity Group in a research note issued on Thursday, Marketbeat.com reports. They currently have a GBX 455 ($5.72) price target on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 17.12% from the company’s previous close.

Kitwave Group Price Performance

Shares of LON KITW opened at GBX 388.50 ($4.88) on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.65 and a debt-to-equity ratio of 69.96. The company has a market capitalization of £272.38 million, a price-to-earnings ratio of 1,494.23 and a beta of 0.86. 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 business has a 50 day simple moving average of GBX 350.95 and a 200-day simple moving average of GBX 295.15.

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.