ProCook Group’s (PROC) “Buy” Rating Reaffirmed at Canaccord Genuity Group

ProCook Group (LON:PROC)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity Group in a research report issued on Thursday, Digital Look reports. They currently have a GBX 62 price objective on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 31.26% from the company’s previous close.

ProCook Group Stock Up 0.5%

Shares of PROC stock traded up GBX 0.23 during trading hours on Thursday, reaching GBX 47.23. 63,747 shares of the stock were exchanged, compared to its average volume of 40,401. The business’s fifty day moving average is GBX 48.48 and its two-hundred day moving average is GBX 43.28. The firm has a market capitalization of £50.59 million, a P/E ratio of 35.78 and a beta of 0.76. ProCook Group has a 12-month low of GBX 26.90 and a 12-month high of GBX 55. The company has a debt-to-equity ratio of 260.98, a current ratio of 0.86 and a quick ratio of 0.36.

Insider Buying and Selling

In other ProCook Group news, insider Daniel O’Neill sold 27,348,120 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of GBX 51, for a total value of £13,947,541.20. 37.48% of the stock is owned by company insiders.

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.