ProCook Group (LON:PROC) Sets New 52-Week High – Here’s Why

ProCook Group plc (LON:PROC)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 48 and last traded at GBX 46, with a volume of 35099 shares changing hands. The stock had previously closed at GBX 45.81.

Analyst Upgrades and Downgrades

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

ProCook Group Price Performance

The stock has a 50 day moving average of GBX 37.67 and a 200-day moving average of GBX 35.33. 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 company has a market cap of £48.51 million, a PE ratio of 34.85 and a beta of 0.72.

ProCook Group (LON:PROC) last announced its quarterly earnings data on Thursday, June 25th. The company reported GBX 1.45 earnings per share for the quarter. ProCook Group had a return on equity of 16.45% and a net margin of 1.85%.The business had revenue of GBX 8,549 million for the quarter. Equities analysts predict that ProCook Group plc will post 1.6107383 earnings per share for the current year.

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 an expanding network of over 60 own-brand retail stores, located across the UK.

Founded over 25 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 600 colleagues, and operating from its Store Support Centre in Gloucester.