ProCook Group (LON:PROC) Trading 9.3% Higher – Time to Buy?

ProCook Group plc (LON:PROC)’s share price traded up 9.3% during trading on Wednesday . The company traded as high as GBX 43.81 and last traded at GBX 42.20. Approximately 244,442 shares traded hands during mid-day trading, an increase of 465% from the average daily volume of 43,263 shares. The stock had previously closed at GBX 38.60.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 62 price target on shares of ProCook Group in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, ProCook Group has an average rating of “Buy” and an average price target of GBX 62.

ProCook Group Trading Down 0.5%

The company has a debt-to-equity ratio of 417.35, a quick ratio of 0.36 and a current ratio of 0.81. The stock has a market cap of £46.16 million, a PE ratio of 39.08 and a beta of 0.75. The stock has a fifty day moving average price of GBX 36.51 and a 200 day moving average price of GBX 34.89.

ProCook Group (LON:PROC) last announced its quarterly earnings data on Thursday, June 25th. The company reported GBX 1.45 earnings per share (EPS) for the quarter. ProCook Group had a net margin of 1.73% and a return on equity of 15.03%. The business had revenue of GBX 8,549 million during the quarter. Equities analysts expect that ProCook Group plc will post 1.6107383 EPS for the current 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.