ProCook Group (LON:PROC) Hits New 12-Month High – Should You Buy?

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

Wall Street Analyst Weigh In

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

ProCook Group Stock Up 5.1%

The stock has a market capitalization of £54.83 million, a price-to-earnings ratio of 39.39 and a beta of 0.72. The firm’s fifty day moving average is GBX 41.63 and its 200-day moving average is GBX 36.48. The company has a debt-to-equity ratio of 260.98, a current ratio of 0.86 and a quick ratio of 0.36.

ProCook Group (LON:PROC) last posted its quarterly earnings data on Thursday, June 25th. The company reported GBX 1.45 EPS for the quarter. The firm had revenue of GBX 8,549 million for the quarter. ProCook Group had a net margin of 1.85% and a return on equity of 16.45%. On average, sell-side analysts predict that ProCook Group plc will post 1.6107383 earnings per share for the current 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.