ProCook Group (LON:PROC) Stock Keeps “Buy” Rating at Canaccord Genuity Group

ProCook Group (LON:PROC)‘s stock had its “buy” rating reiterated by Canaccord Genuity Group in a research note issued on Thursday, October 15th, Digital Look reports. They currently have a GBX 62 price objective on the stock. Canaccord Genuity Group‘s price target would suggest a potential upside of 34.78% from the stock’s current price.

ProCook Group Price Performance

PROC stock remained flat at GBX 46 during mid-day trading on Thursday. The company’s stock had a trading volume of 87 shares, compared to its average volume of 43,559. The firm’s 50 day simple moving average is GBX 48.10 and its two-hundred day simple moving average is GBX 43.70. ProCook Group has a 52-week low of GBX 26.90 and a 52-week high of GBX 55. 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 company has a market cap of £49.27 million, a PE ratio of 34.85 and a beta of 0.76.

Insiders Place Their Bets

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 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.