ProCook Group (LON:PROC) Stock Price Up 5.8% – Still a Buy?

ProCook Group plc (LON:PROC)’s share price rose 5.8% during mid-day trading on Thursday . The stock traded as high as GBX 30.80 and last traded at GBX 30.80. Approximately 1,219 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 25,942 shares. The stock had previously closed at GBX 29.10.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 54 price target on shares of ProCook Group in a report on Wednesday, November 26th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 54.

ProCook Group Trading Up 5.8%

The company has a debt-to-equity ratio of 417.35, a current ratio of 0.81 and a quick ratio of 0.36. The business’s 50-day moving average is GBX 33.52 and its 200 day moving average is GBX 34.57. The firm has a market capitalization of £32.48 million, a P/E ratio of 27.50 and a beta of 0.84.

ProCook Group (LON:PROC) last posted its quarterly earnings data on Wednesday, December 10th. The company reported GBX (2.03) earnings per share for the quarter. ProCook Group had a return on equity of 15.03% and a net margin of 1.73%. As a group, analysts anticipate 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.