Kitwave Group PLC 16.2% potential upside indicated by Canaccord Genuity

Kitwave Group PLC with ticker (LON:KITW) now has a potential upside of 16.2% according to Canaccord Genuity.



Canaccord Genuity set a target price of 455 GBX for the company, which when compared to the Kitwave Group PLC share price of 392 GBX at opening today (17/05/2024) indicates a potential upside of 16.2%. Trading has ranged between 236 (52 week low) and 410 (52 week high) with an average of 232,769 shares exchanging hands daily. The market capitalisation at the time of writing is £262,566,069.

Kitwave Group PLC is engaged in wholesale business with deposits and delivery through the United Kingdom. The Company specializes in selling impulse products, frozen, chilled, and fresh foods, alcohol, and groceries. Its segments include Ambient, Frozen, and chilled, and Foodservice. The Ambient segment provides delivered wholesale of ambient food, drink, and tobacco products. The Frozen and chilled segment provides delivered wholesale of frozen and chilled food products. The Foodservice segment provides delivered wholesale of alcohol, frozen, chilled, and fresh food to trade customers. The Company approximately 30 depots across the United Kingdom. Its product range includes branded lines, branded drinks, crisps and snacks, beers and wines, bottled waters, weigh outs, and tobacco. It also offers wholesale commercial catering supplies. It specializes in in the supply of ice cream, ice lollies, and convenience frozen food. It also carries a core range of branded beers and wines.