ProCook Group (LON:PROC) Sets New 1-Year High – Here’s What Happened

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

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 62 price objective on shares of ProCook Group in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 62.

ProCook Group Price Performance

The company has a current ratio of 0.86, a quick ratio of 0.36 and a debt-to-equity ratio of 260.98. The company has a market capitalization of £50.62 million, a P/E ratio of 36.36 and a beta of 0.72. The company has a 50 day moving average price of GBX 38.04 and a 200 day moving average price of GBX 35.43.

ProCook Group (LON:PROC) last posted its quarterly earnings results on Thursday, June 25th. The company reported GBX 1.45 earnings per share 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. On average, equities 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.