Kitwave Group (LON:KITW) Sets New 52-Week High at $385.60

Shares of Kitwave Group plc (LON:KITW) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 385.60 ($4.76) and last traded at GBX 380 ($4.69), with a volume of 302327 shares changing hands. The stock had previously closed at GBX 362 ($4.47).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upped their target price on Kitwave Group from GBX 435 ($5.37) to GBX 455 ($5.62) and gave the company a “buy” rating in a report on Thursday, March 28th.

Kitwave Group Trading Up 5.0 %

The business has a fifty day moving average of GBX 339.24 and a 200-day moving average of GBX 289.54. 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 company has a market capitalization of £266.42 million, a P/E ratio of 1,392.31 and a beta of 0.86.

Kitwave Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, April 26th. Investors of record on Thursday, April 4th will be issued a GBX 7.45 ($0.09) dividend. 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 dividend payout ratio (DPR) is currently 4,230.77%.

About Kitwave Group

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.