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

ProCook Group plc (LON:PROC)’s stock price hit a new 52-week high on Tuesday . The company traded as high as GBX 48 and last traded at GBX 48, with a volume of 29923 shares. The stock had previously closed at GBX 47.

Analyst Upgrades and Downgrades

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

ProCook Group Trading Up 2.1%

The company has a debt-to-equity ratio of 260.98, a quick ratio of 0.36 and a current ratio of 0.86. The firm has a market cap of £50.62 million, a P/E ratio of 42.86 and a beta of 0.75. The company has a 50 day moving average of GBX 36.91 and a 200 day moving average of GBX 35.08.

ProCook Group (LON:PROC) last announced its quarterly earnings results on Thursday, June 25th. The company reported GBX 1.45 EPS for the quarter. The company had revenue of GBX 8,549 million for the quarter. ProCook Group had a net margin of 1.85% and a return on equity of 16.45%. Analysts predict that ProCook Group plc will post 1.6107383 EPS 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 an expanding network of over 60 own-brand retail stores, located across the UK.

Founded over 25 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 600 colleagues, and operating from its Store Support Centre in Gloucester.