Canaccord Genuity Group Has Lowered Expectations for Kits Eyecare (TSE:KITS) Stock Price

Kits Eyecare (TSE:KITS) had its price objective cut by analysts at Canaccord Genuity Group from C$23.00 to C$22.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 88.03% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. ATB Cormark Capital Markets lowered their target price on shares of Kits Eyecare from C$20.00 to C$16.75 and set a “speculative buy” rating for the company in a research note on Thursday. Desjardins lowered their target price on shares of Kits Eyecare from C$25.00 to C$23.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Stifel Nicolaus lowered their target price on shares of Kits Eyecare from C$24.00 to C$21.00 and set a “buy” rating for the company in a research note on Thursday. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$20.69.

Kits Eyecare Stock Performance

TSE KITS opened at C$11.70 on Thursday. Kits Eyecare has a 52-week low of C$11.12 and a 52-week high of C$22.56. The company has a market cap of C$397.68 million, a PE ratio of 130.00 and a beta of 0.46.

Kits Eyecare (TSE:KITS) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.06 earnings per share (EPS) for the quarter. The business had revenue of C$57.47 million for the quarter.

Kits Eyecare Company Profile

KITS (TSX: KITS) is one of the world’s fastest growing eyecare providers, offering high-quality, affordable prescription glasses and contact lenses through its vertically integrated digital platform. With advanced in-house lens manufacturing, an industry-leading digital fit experience powered by OpticianAI, and thousands of 5-star customer reviews, KITS is redefining how Canadians experience eyecare. Designed in Canada. Delivered worldwide.