ProCook Group (LON:PROC) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

ProCook Group (LON:PROC) had its price target increased by investment analysts at Canaccord Genuity Group from GBX 48 to GBX 54 in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 74.19% from the stock’s previous close.

ProCook Group Price Performance

Shares of PROC opened at GBX 31 on Tuesday. ProCook Group has a fifty-two week low of GBX 20 and a fifty-two week high of GBX 48. The company has a market capitalization of £32.69 million, a price-to-earnings ratio of 3,647.06 and a beta of 1.12. The firm has a 50-day simple moving average of GBX 40.88 and a 200-day simple moving average of GBX 35.60. The company has a debt-to-equity ratio of 301.33, a quick ratio of 0.36 and a current ratio of 0.93.

ProCook Group (LON:PROC) last announced its quarterly earnings data on Wednesday, June 25th. The company reported GBX 1.17 earnings per share for the quarter. ProCook Group had a return on equity of 7.65% and a net margin of 0.97%. On average, equities research analysts anticipate that ProCook Group will post 1.6107383 earnings per share for the current 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.