ProCook Group (LON:PROC) Stock Rating Reaffirmed as “Buy” by Canaccord Genuity Group

ProCook Group (LON:PROC)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday, Digital Look reports. They currently have a GBX 62 price objective on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 33.65% from the stock’s previous close.

ProCook Group Stock Up 10.5%

Shares of PROC stock traded up GBX 4.39 during trading hours on Thursday, hitting GBX 46.39. 77,310 shares of the company were exchanged, compared to its average volume of 40,280. The business has a 50 day moving average of GBX 48.58 and a two-hundred day moving average of GBX 43.16. 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 has a 52 week low of GBX 26.90 and a 52 week high of GBX 55. The company has a market capitalization of £49.69 million, a PE ratio of 35.14 and a beta of 0.76.

Insider Buying and Selling at ProCook Group

In other ProCook Group news, insider Daniel O?Neill sold 27,348,120 shares of the company’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 corporate insiders.

ProCook Group Company Profile

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.