ProCook Group (LON:PROC) Sets New 12-Month High – Should You Buy?

ProCook Group plc (LON:PROC)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 53 and last traded at GBX 53, with a volume of 93065 shares traded. The stock had previously closed at GBX 51.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 62 target price on shares of ProCook Group in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 62.

ProCook Group Stock Performance

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 firm has a fifty day simple moving average of GBX 43.20 and a 200 day simple moving average of GBX 36.98. The company has a market capitalization of £55.89 million, a price-to-earnings ratio of 40.15 and a beta of 0.72.

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

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.