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

Canaccord Genuity Group reaffirmed their buy rating on shares of Kitwave Group (LON:KITW) in a report published on Tuesday, Marketbeat reports. They currently have a GBX 455 ($5.98) target price on the stock.

Kitwave Group Price Performance

Kitwave Group stock opened at GBX 333.50 ($4.39) on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.65 and a debt-to-equity ratio of 103.83. The company has a 50-day moving average price of GBX 324.17 and a 200 day moving average price of GBX 343.29. Kitwave Group has a 12-month low of GBX 236.40 ($3.11) and a 12-month high of GBX 409.50 ($5.38). The stock has a market cap of £233.82 million, a P/E ratio of 1,389.58 and a beta of 0.79.

Kitwave Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, August 2nd. Stockholders of record on Thursday, July 11th were given a dividend of GBX 3.85 ($0.05) per share. The ex-dividend date of this dividend was Thursday, July 11th. This represents a dividend yield of 1.15%. Kitwave Group’s dividend payout ratio (DPR) is currently 4,583.33%.

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.