Kitwave Group’s (KITW) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Kitwave Group (LON:KITW) in a research report sent to investors on Thursday morning, Marketbeat reports. Canaccord Genuity Group currently has a GBX 495 ($6.44) target price on the stock.

Kitwave Group Stock Performance

LON KITW opened at GBX 328 ($4.27) on Thursday. The company has a debt-to-equity ratio of 103.83, a quick ratio of 0.65 and a current ratio of 1.02. The company has a market capitalization of £263.84 million, a PE ratio of 1,366.67 and a beta of 0.78. Kitwave Group has a 52-week low of GBX 242.77 ($3.16) and a 52-week high of GBX 409.50 ($5.33). The company has a 50-day simple moving average of GBX 331.25 and a 200 day simple moving average of GBX 340.16.

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.