ProCook Group (LON:PROC) Reaches New 52-Week High – Here’s What Happened

Shares of ProCook Group plc (LON:PROC) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 52 and last traded at GBX 52, with a volume of 2650 shares changing hands. The stock had previously closed at GBX 49.50.

Analysts Set New Price Targets

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

ProCook Group Trading Down 4.6%

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 simple moving average of GBX 42.27 and a 200-day simple moving average of GBX 36.69. The company has a market cap of £52.30 million, a PE ratio of 37.58 and a beta of 0.72.

ProCook Group (LON:PROC) last posted its quarterly earnings data on Thursday, June 25th. The company reported GBX 1.45 earnings per share (EPS) 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%. On average, analysts predict that ProCook Group plc will post 1.6107383 EPS for the current fiscal 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.