ProCook Group (LON:PROC) Reaches New 1-Year High – What’s Next?

ProCook Group plc (LON:PROC)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 48 and last traded at GBX 48, with a volume of 29923 shares. The stock had previously closed at GBX 47.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 62 price objective on shares of ProCook Group in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 62.

ProCook Group Trading Up 2.1%

The stock has a market cap of £50.62 million, a P/E ratio of 42.86 and a beta of 0.75. The firm’s 50-day simple moving average is GBX 36.91 and its 200 day simple moving average is GBX 35.08. The company has a current ratio of 0.86, a quick ratio of 0.36 and a debt-to-equity ratio of 260.98.

ProCook Group (LON:PROC) last announced its earnings results on Thursday, June 25th. The company reported GBX 1.45 earnings per share for the quarter. The firm had revenue of GBX 8,549 million for the quarter. ProCook Group had a return on equity of 16.45% and a net margin of 1.85%. As a group, equities research analysts anticipate that ProCook Group plc will post 1.6107383 earnings per share for the current year.

About ProCook Group

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.