ProCook Group (LON:PROC) Stock Rating Reaffirmed as Buy by Canaccord Genuity Group

ProCook Group (LON:PROC)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity Group in a report released on Thursday, Digital Look reports. They presently have a GBX 62 target price on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 29.17% from the company’s current price.

ProCook Group Trading Up 2.1%

LON:PROC opened at GBX 48 on Thursday. The firm has a market capitalization of £51.41 million, a P/E ratio of 36.36 and a beta of 0.76. The company’s 50-day simple moving average is GBX 48.42 and its 200 day simple moving average is GBX 43.31. ProCook Group has a one year low of GBX 26.90 and a one year 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.

Insiders Place Their Bets

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

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.