ProCook Group (LON:PROC) Earns Buy Rating from Canaccord Genuity Group

ProCook Group (LON:PROC)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity Group in a research report issued on Thursday, Digital Look reports. They presently have a GBX 62 price objective on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 44.19% from the stock’s current price.

ProCook Group Price Performance

LON PROC opened at GBX 43 on Thursday. ProCook Group has a 1-year low of GBX 26.90 and a 1-year high of GBX 55. The business’s fifty day moving average price is GBX 48.58 and its 200-day moving average price is GBX 43.16. The company has a debt-to-equity ratio of 260.98, a current ratio of 0.86 and a quick ratio of 0.36. The stock has a market capitalization of £46.06 million, a price-to-earnings ratio of 32.58 and a beta of 0.76.

Insider Activity at ProCook Group

In other ProCook Group news, insider Daniel O?Neill sold 27,348,120 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of GBX 51, for a total transaction of £13,947,541.20. Company insiders own 37.48% of the company’s stock.

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.