Kitwave Group (LON:KITW) Given New GBX 455 Price Target at Canaccord Genuity Group

Kitwave Group (LON:KITW) had its price objective lifted by Canaccord Genuity Group from GBX 435 ($5.50) to GBX 455 ($5.75) in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. Canaccord Genuity Group currently has a buy rating on the stock.

Kitwave Group Trading Up 4.2 %

Shares of LON:KITW opened at GBX 371 ($4.69) on Thursday. Kitwave Group has a 52-week low of GBX 236.40 ($2.99) and a 52-week high of GBX 379.35 ($4.79). The company has a debt-to-equity ratio of 69.96, a quick ratio of 0.65 and a current ratio of 1.29. The stock has a market capitalization of £260.11 million, a price-to-earnings ratio of 1,434.62 and a beta of 0.81. The stock’s 50-day simple moving average is GBX 307.68 and its two-hundred day simple moving average is GBX 278.49.

Kitwave Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 26th. Stockholders of record on Thursday, April 4th will be given a dividend of GBX 7.45 ($0.09) per share. This is a boost from Kitwave Group’s previous dividend of $3.75. This represents a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, April 4th. Kitwave Group’s payout ratio is presently 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.