ProCook Group (LON:PROC) Sets New 12-Month High – Here’s What Happened

ProCook Group plc (LON:PROC)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 54 and last traded at GBX 53.30, with a volume of 15322 shares trading hands. The stock had previously closed at GBX 51.50.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 62 price target 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 stock currently has an average rating of “Buy” and a consensus target price of GBX 62.

ProCook Group Stock Performance

The firm has a market cap of £57.09 million, a PE ratio of 40.38 and a beta of 0.72. The business has a 50 day simple moving average of GBX 45.34 and a two-hundred day simple moving average of GBX 37.62. The company has a quick ratio of 0.36, a current ratio of 0.86 and a debt-to-equity ratio of 260.98.

ProCook Group (LON:PROC) last issued its 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 during the quarter. As a group, equities research analysts forecast that ProCook Group plc will post 1.6107383 earnings per share 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 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.