Canaccord Genuity Group Boosts Kitwave Group (LON:KITW) Price Target to GBX 455

Kitwave Group (LON:KITW) had its price objective increased by research analysts at Canaccord Genuity Group from GBX 435 ($5.50) to GBX 455 ($5.75) in a research report issued on Thursday, MarketBeat.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 22.97% from the stock’s previous close.

Kitwave Group Trading Up 3.9 %

Shares of KITW traded up GBX 14 ($0.18) on Thursday, hitting GBX 370 ($4.68). 453,862 shares of the stock traded hands, compared to its average volume of 132,449. The company has a quick ratio of 0.65, a current ratio of 1.29 and a debt-to-equity ratio of 69.96. The firm has a market capitalization of £259.41 million, a P/E ratio of 1,433.23 and a beta of 0.81. The stock’s 50 day moving average is GBX 305.76 and its two-hundred day moving average is GBX 277.83. Kitwave Group has a 1 year low of GBX 236.40 ($2.99) and a 1 year high of GBX 378 ($4.78).

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.