Share Tip: Kitwave Group – the shares of this delivered wholesale business, now 258p, look ready for a re-rating, possibly ahead of its AGM later this month

Since Tuesday 4th March when the Kitwave Group (LON;KITW) announced its Final Results for its year to end-October 2024, its shares have put in something of a lacklustre performance. 

Upon the results they were went up 4p to 280.28p, before closing that night at 255p. 

Since then, they have wavered between 248p and 268.50p – but are now trading at around the 258p level. 

In my view that is far too low a price for the group’s shares, especially considering that brokers have Target Prices of up to 495p. 

The Business 

Established way back in 1987, followin...