Canaccord Genuity Group Reaffirms Buy Rating for Kitwave Group (LON:KITW)

Canaccord Genuity Group reissued their buy rating on shares of Kitwave Group (LON:KITW) in a report issued on Thursday morning, MarketBeat.com reports. They currently have a GBX 455 ($5.72) target price on the stock.

Kitwave Group Stock Performance

Shares of KITW stock opened at GBX 388.50 ($4.88) on Thursday. The firm has a 50 day moving average of GBX 350.95 and a 200-day moving average of GBX 295.28. The company has a market cap of £272.38 million, a price-to-earnings ratio of 1,494.23 and a beta of 0.86. The company has a quick ratio of 0.65, a current ratio of 1.29 and a debt-to-equity ratio of 69.96. Kitwave Group has a 52 week low of GBX 236.40 ($2.97) and a 52 week high of GBX 409.50 ($5.14).

Kitwave Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 26th. Stockholders of record on Thursday, April 4th were paid a GBX 7.45 ($0.09) dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a dividend yield of 2.51%. This is a positive change from Kitwave Group’s previous dividend of $3.75. Kitwave Group’s payout ratio is currently 4,230.77%.

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.