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

ProCook Group plc (LON:PROC) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 54 and last traded at GBX 53.30, with a volume of 15322 shares changing hands. The stock had previously closed at GBX 51.50.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed 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, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 62.

ProCook Group Price Performance

The company has a market capitalization of £57.09 million, a PE ratio of 40.38 and a beta of 0.72. The company has a debt-to-equity ratio of 260.98, a current ratio of 0.86 and a quick ratio of 0.36. The company’s 50 day simple moving average is GBX 46.08 and its 200 day simple moving average is GBX 37.86.

ProCook Group (LON:PROC) last issued its quarterly earnings data on Thursday, June 25th. The company reported GBX 1.45 earnings per share for the quarter. ProCook Group had a net margin of 1.85% and a return on equity of 16.45%. The business had revenue of GBX 8,549 million during the quarter. As a group, sell-side analysts predict that ProCook Group plc will post 1.6107383 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Daniel O’Neill sold 27,348,120 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of GBX 51, for a total value of £13,947,541.20. 37.48% of the stock is currently owned by company 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.