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

ProCook Group plc (LON:PROC)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 55 and last traded at GBX 54.95, with a volume of 297 shares traded. The stock had previously closed at GBX 52.50.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 62 price objective on shares of ProCook Group in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, ProCook Group has an average rating of “Buy” and a consensus target price of GBX 62.

ProCook Group Stock Performance

The stock has a market capitalization of £54.55 million, a price-to-earnings ratio of 38.58 and a beta of 0.72. The company’s fifty day simple moving average is GBX 47.73 and its 200 day simple moving average is GBX 38.57. The company has a quick ratio of 0.36, a current ratio of 0.86 and a debt-to-equity ratio of 260.98.

ProCook Group (LON:PROC) last announced its earnings results on Thursday, June 25th. The company reported GBX 1.45 EPS for the quarter. The business had revenue of GBX 8,549 million during the quarter. ProCook Group had a net margin of 1.85% and a return on equity of 16.45%. On average, equities research analysts expect that ProCook Group plc will post 1.6107383 earnings per share for the current year.

Insider Buying and Selling at ProCook Group

In related news, insider Daniel O?Neill sold 27,348,120 shares of ProCook Group stock in a transaction that occurred on Wednesday, August 12th. The stock was 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.

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.