Kitwave Group PLC 55.3% potential upside indicated by Canaccord Genuity

Kitwave Group PLC with ticker (LON:KITW) now has a potential upside of 55.3% according to Canaccord Genuity.



Canaccord Genuity set a target price of 345 GBX for the company, which when compared to the Kitwave Group PLC share price of 154 GBX at opening today (27/09/2022) indicates a potential upside of 55.3%. Trading has ranged between 130 (52 week low) and 194 (52 week high) with an average of 77,729 shares exchanging hands daily. The market capitalisation at the time of writing is £105,000,000.

Kitwave Group plc is a United Kingdom-based company, which is engaged in wholesale business. The Company delivers its wholesale business throughout the United Kingdom, specializing in selling impulse products (such as confectionery, soft drinks, snacks, ice cream), frozen and chilled foods, alcohol, groceries and tobacco to independent, customers. The Company’s divisions include Ambiet, Frozen & Chilled and Food service. Its Ambient division supplies branded products, including confectionery, soft drinks, crisps and snacks and tobacco. Its Frozen & Chilled division supplies branded products including ice cream, pizzas, chips, ready meals, and a full range of chilled products. Its Food service across the North of England and the Southwest, it supplies frozen, chilled and ambient food, as well as alcohol and soft drinks. The Company operates a fleet of 430 delivery vehicles and 27 depots. It also has 36,000 stop keeping units.