Ben Maxted Purchases 20,000 Shares of Kitwave Group plc (LON:KITW) Stock

Kitwave Group plc (LON:KITW) insider Ben Maxted acquired 20,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of GBX 258 ($3.33) per share, for a total transaction of £51,600 ($66,511.99).

Kitwave Group Trading Up 2.1 %

Shares of KITW opened at GBX 264 ($3.40) on Thursday. The stock has a market cap of £211.61 million, a price-to-earnings ratio of 10.96 and a beta of 0.78. The company has a debt-to-equity ratio of 103.83, a current ratio of 1.02 and a quick ratio of 0.65. Kitwave Group plc has a 1-year low of GBX 254 ($3.27) and a 1-year high of GBX 409.50 ($5.28). The firm has a 50 day simple moving average of GBX 292.73 and a 200-day simple moving average of GBX 314.29.

Kitwave Group (LON:KITW) last posted its earnings results on Tuesday, March 4th. The company reported GBX 23.50 ($0.30) earnings per share for the quarter. Kitwave Group had a net margin of 2.83% and a return on equity of 20.87%. Equities analysts forecast that Kitwave Group plc will post 33.0838323 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 495 ($6.38) price objective on shares of Kitwave Group in a research report on Thursday, November 7th.

Kitwave Group Company Profile

Kitwave Group plc is a delivered wholesale business with over 1,500 employees and a network of 32 depots able to support delivery throughout the UK, specialising in selling impulse products (such as confectionery, soft drinks, snacks, ice cream), frozen and chilled foods, alcohol, groceries and tobacco to over 42,000, mainly independent, customers.