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

Shares of ProCook Group plc (LON:PROC) reached a new 52-week high on Monday . The company traded as high as GBX 53 and last traded at GBX 53, with a volume of 93065 shares trading hands. The stock had previously closed at GBX 51.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated 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, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 62.

ProCook Group Trading Down 3.8%

The stock’s 50 day moving average is GBX 43.77 and its 200-day moving average is GBX 37.15. The company has a market cap of £52.73 million, a P/E ratio of 37.88 and a beta of 0.72. The company has a current ratio of 0.86, a quick ratio of 0.36 and a debt-to-equity ratio of 260.98.

ProCook Group (LON:PROC) last released its quarterly earnings data on Thursday, June 25th. The company reported GBX 1.45 earnings per share for the quarter. The business had revenue of GBX 8,549 million during the quarter. ProCook Group had a net margin of 1.85% and a return on equity of 16.45%. Research analysts anticipate that ProCook Group plc will post 1.6107383 earnings per share 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 over 70 own-brand retail stores, located across the UK.

Founded 30 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 700 colleagues, and operating from its Store Support Centre in Gloucester.

As a B Corp, a Real Living Wage employer and a certified Great Place to Work™, ProCook is committed to being a socially responsible and environmentally conscious business for the benefit of all stakeholders.