ProCook Group (LON:PROC) Reaches New 12-Month High – Here’s Why

Shares of ProCook Group plc (LON:PROC) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 44 ($0.55) and last traded at GBX 41.50 ($0.52), with a volume of 211834 shares changing hands. The stock had previously closed at GBX 38.50 ($0.48).

Analysts Set New Price Targets

Several research analysts have commented on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 48 ($0.60) price target on shares of ProCook Group in a report on Wednesday, December 11th. Canaccord Genuity Group restated a “buy” rating and set a GBX 48 ($0.60) price objective on shares of ProCook Group in a research report on Wednesday, December 11th.

ProCook Group Stock Performance

The company has a market cap of £45.22 million, a PE ratio of 4,150.30 and a beta of 1.12. The stock has a 50 day simple moving average of GBX 35.05 and a two-hundred day simple moving average of GBX 28.69. The company has a debt-to-equity ratio of 301.33, a current ratio of 0.93 and a quick ratio of 0.36.

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 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.