ProCook Group (LON:PROC) Shares Climb 1.1% – What’s Next?

ProCook Group plc (LON:PROC)’s stock price rose 1.1% during trading on Thursday. The stock traded as high as GBX 47 and last traded at GBX 45. 52,805 shares were traded during trading, an increase of 28% from the average session volume of 41,153 shares. The stock had previously closed at GBX 44.50.

Analysts Set New Price Targets

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

ProCook Group Price Performance

The stock has a market capitalization of £46.71 million, a P/E ratio of 33.04 and a beta of 0.73. The company has a quick ratio of 0.36, a current ratio of 0.86 and a debt-to-equity ratio of 260.98. The firm has a fifty day moving average price of GBX 49.93 and a two-hundred day moving average price of GBX 42.29.

Insider Activity at ProCook Group

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

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.