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

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

Wall Street Analyst Weigh In

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

ProCook Group Trading Up 5.1%

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 firm’s 50 day simple moving average is GBX 41.63 and its two-hundred day simple moving average is GBX 36.48. The stock has a market cap of £54.83 million, a P/E ratio of 39.39 and a beta of 0.72.

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