ProCook Group (LON:PROC) Reaches New 12-Month High – Here’s What Happened

ProCook Group plc (LON:PROC)’s stock price reached a new 52-week high on Monday . The stock traded as high as GBX 49.60 and last traded at GBX 49.60, with a volume of 3733 shares changing hands. The stock had previously closed at GBX 49.60.

Wall Street Analysts Forecast Growth

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

ProCook Group Stock Performance

The business’s fifty day moving average is GBX 38.79 and its two-hundred day moving average is GBX 35.63. The company has a market capitalization of £52.30 million, a PE ratio of 37.58 and a beta of 0.72. The company has a current ratio of 0.86, a quick ratio of 0.36 and a debt-to-equity ratio of 260.98.

ProCook Group (LON:PROC) last announced its quarterly earnings results on Thursday, June 25th. The company reported GBX 1.45 earnings per share (EPS) for the quarter. The firm had revenue of GBX 8,549 million for the quarter. ProCook Group had a net margin of 1.85% and a return on equity of 16.45%. Equities research 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.