Kitwave Group (LON:KITW) Earns Buy Rating from Canaccord Genuity Group

Kitwave Group (LON:KITW)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a GBX 495 ($6.44) price objective on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 50.91% from the stock’s previous close.

Kitwave Group Price Performance

Shares of KITW opened at GBX 328 ($4.27) on Thursday. The company has a quick ratio of 0.65, a current ratio of 1.02 and a debt-to-equity ratio of 103.83. Kitwave Group has a twelve month low of GBX 242.77 ($3.16) and a twelve month high of GBX 409.50 ($5.33). The stock has a market capitalization of £263.84 million, a P/E ratio of 1,366.67 and a beta of 0.78. The company has a 50 day moving average of GBX 331.25 and a 200-day moving average of GBX 340.38.

About Kitwave Group

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.