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

Canaccord Genuity Group reissued their buy rating on shares of Kitwave Group (LON:KITW) in a research note released on Thursday morning, Marketbeat.com reports. The firm currently has a GBX 495 ($6.44) target price on the stock.

Kitwave Group Price Performance

LON:KITW traded down GBX 6 ($0.08) during mid-day trading on Thursday, hitting GBX 328.50 ($4.28). 123,198 shares of the stock traded hands, compared to its average volume of 203,437. Kitwave Group has a 12-month low of GBX 242.77 ($3.16) and a 12-month high of GBX 409.50 ($5.33). The company has a quick ratio of 0.65, a current ratio of 1.02 and a debt-to-equity ratio of 103.83. The company has a market cap of £264.25 million, a PE ratio of 1,393.75 and a beta of 0.78. The business’s 50-day moving average price is GBX 331.21 and its 200 day moving average price is GBX 340.57.

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.