Canaccord Genuity Group Reiterates Buy Rating for ProCook Group (LON:PROC)

ProCook Group (LON:PROC)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity Group in a report released on Wednesday,London Stock Exchange reports. They currently have a GBX 54 price target on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 75.86% from the stock’s previous close.

ProCook Group Stock Up 0.7%

PROC stock traded up GBX 0.21 during mid-day trading on Wednesday, hitting GBX 30.71. 9,753 shares of the company were exchanged, compared to its average volume of 42,537. The firm has a fifty day simple moving average of GBX 33.86 and a 200 day simple moving average of GBX 37.85. The company has a market capitalization of £32.38 million, a PE ratio of 36.13 and a beta of 1.12. ProCook Group has a twelve month low of GBX 20 and a twelve month high of GBX 48. The company has a current ratio of 0.93, a quick ratio of 0.36 and a debt-to-equity ratio of 301.33.

ProCook Group Company Profile

ProCook is the UK’s leading direct-to-consumer specialist kitchenware brand. ProCook designs, develops, and retails a high-quality range of direct-sourced and own-brand kitchenware which provides customers with significant value for money.

The brand sells directly through its website, www.procook.co.uk, and through an expanding network of over 60 own-brand retail stores, located across the UK.

Founded over 25 years ago as a family business, selling cookware sets by direct mail in the UK, ProCook has grown into a market leading, multi-channel specialist kitchenware company, employing over 600 colleagues, and operating from its Store Support Centre in Gloucester.