ProCook Group (LON:PROC) Sets New 52-Week High – What’s Next?

ProCook Group plc (LON:PROC) reached a new 52-week high on Monday . The stock traded as high as GBX 49.60 and last traded at GBX 49.60, with a volume of 3733 shares. The stock had previously closed at GBX 49.60.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 62 target price 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 MarketBeat.com, ProCook Group currently has an average rating of “Buy” and an average target price of GBX 62.

ProCook Group Stock Performance

The company has a market capitalization of £51.71 million, a price-to-earnings ratio of 37.15 and a beta of 0.72. The company has a debt-to-equity ratio of 260.98, a current ratio of 0.86 and a quick ratio of 0.36. The stock has a 50 day moving average price of GBX 39.39 and a two-hundred day moving average price of GBX 35.79.

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