ProCook Group (LON:PROC) Trading Up 4.2% – Time to Buy?

ProCook Group plc (LON:PROC) shares shot up 4.2% during trading on Wednesday . The company traded as high as GBX 37 ($0.46) and last traded at GBX 37 ($0.46). 49,073 shares traded hands during trading, an increase of 2% from the average session volume of 48,021 shares. The stock had previously closed at GBX 35.50 ($0.44).

Analysts Set New Price Targets

PROC has been the topic of a number of recent analyst reports. Canaccord Genuity Group restated a “buy” rating and set a GBX 48 ($0.59) price objective on shares of ProCook Group in a research note on Wednesday, December 11th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 48 ($0.59) target price on shares of ProCook Group in a research note on Wednesday, December 11th.

ProCook Group Stock Performance

The stock has a market capitalization of £40.32 million, a PE ratio of 3,700.00 and a beta of 1.12. The company has a debt-to-equity ratio of 301.33, a quick ratio of 0.36 and a current ratio of 0.93. The firm has a 50 day moving average of GBX 34.62 and a 200-day moving average of GBX 28.35.

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.