ProCook Group (LON:PROC) Stock Keeps Buy Rating at Canaccord Genuity Group

ProCook Group (LON:PROC)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity Group in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 62 price target on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 31.26% from the stock’s current price.

ProCook Group Price Performance

Shares of ProCook Group stock opened at GBX 47.23 on Thursday. The firm has a market cap of £50.59 million, a PE 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 quick ratio of 0.36, a current ratio of 0.86 and a debt-to-equity ratio of 260.98. The company’s fifty day simple moving average is GBX 48.48 and its two-hundred day simple moving average is GBX 43.28.

Insider Buying and Selling at ProCook Group

In other news, insider Daniel O’Neill sold 27,348,120 shares of the 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. Corporate insiders own 37.48% of the company’s stock.

About ProCook Group

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.