ProCook Group (LON:PROC) Hits New 1-Year High – Here’s Why

ProCook Group plc (LON:PROC) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 49.60 and last traded at GBX 49.60, with a volume of 3733 shares. The stock had previously closed at GBX 49.60.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 62 price target on shares of ProCook Group in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 62.

ProCook Group Price Performance

The stock has a market cap of £52.30 million, a PE ratio of 37.58 and a beta of 0.72. The company has a quick ratio of 0.36, a current ratio of 0.86 and a debt-to-equity ratio of 260.98. The business has a 50 day moving average price of GBX 38.79 and a 200 day moving average price of GBX 35.63.

ProCook Group (LON:PROC) last issued its quarterly earnings data on Thursday, June 25th. The company reported GBX 1.45 EPS for the quarter. The company 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%. Equities research analysts expect that ProCook Group plc will post 1.6107383 EPS for the current fiscal year.

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.