ProCook Group (LON:PROC) Sets New 52-Week High – Here’s Why

Shares of ProCook Group plc (LON:PROC) hit a new 52-week high on Monday . The company traded as high as GBX 48 and last traded at GBX 46, with a volume of 35099 shares trading hands. The stock had previously closed at GBX 45.81.

Analyst Upgrades and Downgrades

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

ProCook Group Trading Up 0.4%

The company’s 50 day simple moving average is GBX 37.67 and its two-hundred day simple moving average is GBX 35.33. 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 company has a market capitalization of £48.51 million, a price-to-earnings ratio of 34.85 and a beta of 0.72.

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