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Kitwave Group PLC ( (GB:KITW) ) just unveiled an announcement.
Kitwave Group PLC has appointed Dr. Marnie Millard OBE as the new Non-Executive Chair, effective from May 30, 2025, succeeding Steve Smith. Dr. Millard brings extensive experience from her previous roles, including CEO of Nichols Plc, where she significantly increased market capitalization and led successful acquisitions. Her appointment is expected to support Kitwave’s growth strategy and enhance its customer offerings. The outgoing Chair, Steve Smith, played a crucial role in the company’s development, including its IPO in 2021, and his contributions are acknowledged as pivotal to Kitwave’s expansion as a public company.
The most recent analyst rating on (GB:KITW) stock is a Buy with a £495.00 price target. To see the full list of analyst forecasts on Kitwave Group PLC stock, see the GB:KITW Stock Forecast page.
Spark’s Take on GB:KITW Stock
According to Spark, TipRanks’ AI Analyst, GB:KITW is a Outperform.
Kitwave Group PLC presents a balanced investment case. Strengths include robust revenue growth, efficient operations, and attractive valuation metrics. However, potential risks from declining net income and rising debt levels, along with mixed technical indicators, suggest cautious optimism.
To see Spark’s full report on GB:KITW stock, click here.
More about Kitwave Group PLC
Founded in 1987, Kitwave Group PLC is a delivered wholesale business based in the United Kingdom. The company specializes in selling and delivering a variety of products including impulse items, frozen, chilled and fresh foods, alcohol, groceries, and tobacco to approximately 46,000 mainly independent customers. Kitwave operates through a network of 37 depots, supporting delivery across the UK to a diverse customer base that includes independent convenience retailers, leisure outlets, vending machine operators, foodservice providers, and other wholesalers, as well as leading national retailers. The company’s growth strategy involves organic expansion and acquiring smaller, predominantly family-owned businesses in the fragmented UK grocery and foodservice wholesale market. Kitwave was admitted to trading on AIM of the London Stock Exchange in May 2021.
Average Trading Volume: 329,121
Technical Sentiment Signal: Buy
Current Market Cap: £263.8M
For a thorough assessment of KITW stock, go to TipRanks’ Stock Analysis page.