ProCook Group (LON:PROC) Hits New 52-Week High – Still a Buy?

Shares of ProCook Group plc (LON:PROC) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 54 and last traded at GBX 53.30, with a volume of 15322 shares. The stock had previously closed at GBX 51.50.

Analysts Set New Price Targets

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

ProCook Group Trading Up 3.5%

The company has a current ratio of 0.86, a quick ratio of 0.36 and a debt-to-equity ratio of 260.98. The company has a market cap of £57.09 million, a PE ratio of 40.38 and a beta of 0.72. The stock has a 50 day moving average price of GBX 45.34 and a 200 day moving average price of GBX 37.62.

ProCook Group (LON:PROC) last announced its earnings results on Thursday, June 25th. The company reported GBX 1.45 EPS for the quarter. ProCook Group had a net margin of 1.85% and a return on equity of 16.45%. The firm had revenue of GBX 8,549 million for the quarter. Sell-side analysts predict that ProCook Group plc will post 1.6107383 EPS for the current fiscal 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 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.