ProCook Group’s (PROC) Buy Rating Reiterated at Canaccord Genuity Group

ProCook Group (LON:PROC)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity Group in a report released on Wednesday,Digital Look reports. They currently have a GBX 62 target price on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 44.66% from the stock’s current price.

ProCook Group Stock Up 11.0%

LON:PROC traded up GBX 4.26 on Wednesday, reaching GBX 42.86. 206,616 shares of the stock traded hands, compared to its average volume of 42,942. The company has a market capitalization of £45.20 million, a price-to-earnings ratio of 38.27 and a beta of 0.75. The company has a current ratio of 0.81, a quick ratio of 0.36 and a debt-to-equity ratio of 417.35. ProCook Group has a 12 month low of GBX 26.90 and a 12 month high of GBX 48. The company’s fifty day simple moving average is GBX 36.28 and its 200 day simple moving average is GBX 34.78.

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.