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

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

Analyst Upgrades and Downgrades

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

ProCook Group Stock Up 3.9%

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 business’s fifty day moving average price is GBX 43.20 and its two-hundred day moving average price is GBX 36.98. The stock has a market capitalization of £55.89 million, a PE ratio of 40.15 and a beta of 0.72.

ProCook Group (LON:PROC) last issued its earnings results on Thursday, June 25th. The company reported GBX 1.45 earnings per share (EPS) for the quarter. ProCook Group had a return on equity of 16.45% and a net margin of 1.85%.The company had revenue of GBX 8,549 million during the quarter. On average, equities research analysts forecast 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 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.