ProCook Group’s (PROC) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of ProCook Group (LON:PROC) in a research note issued to investors on Thursday morning,Digital Look reports. They currently have a GBX 62 target price on the stock.

ProCook Group Stock Up 2.1%

LON:PROC opened at GBX 48 on Thursday. ProCook Group has a 1 year low of GBX 26.90 and a 1 year high of GBX 55. The stock has a 50-day moving average price of GBX 48.42 and a two-hundred day moving average price of GBX 43.31. The stock has a market cap of £51.41 million, a price-to-earnings ratio of 36.36 and a beta of 0.76. The company has a current ratio of 0.86, a quick ratio of 0.36 and a debt-to-equity ratio of 260.98.

Insider Buying and Selling at ProCook Group

In related news, insider Daniel O’Neill sold 27,348,120 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of GBX 51, for a total value of £13,947,541.20. 37.48% of the stock is owned by company insiders.

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.