ProCook Group (LON:PROC) Earns “Buy” Rating from Canaccord Genuity Group

ProCook Group (LON:PROC)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity Group in a research note issued on Thursday, Digital Look reports. They currently have a GBX 62 price target on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 31.91% from the stock’s previous close.

ProCook Group Stock Up 11.9%

ProCook Group stock opened at GBX 47 on Thursday. The firm has a market cap of £50.34 million, a PE ratio of 35.61 and a beta of 0.76. The company has a debt-to-equity ratio of 260.98, a quick ratio of 0.36 and a current ratio of 0.86. The firm’s 50 day moving average price is GBX 48.48 and its two-hundred day moving average price is GBX 43.28. ProCook Group has a twelve month low of GBX 26.90 and a twelve month high of GBX 55.

Insider Buying and Selling at ProCook Group

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