ProCook Group (LON:PROC) Reaches New 12-Month High – What’s Next?

ProCook Group plc (LON:PROC)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as GBX 44 ($0.54) and last traded at GBX 41.50 ($0.51), with a volume of 211834 shares trading hands. The stock had previously closed at GBX 38.50 ($0.47).

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PROC shares. Canaccord Genuity Group restated a “buy” rating and set a GBX 48 ($0.59) price target on shares of ProCook Group in a report on Wednesday, December 11th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 48 ($0.59) price objective on shares of ProCook Group in a report on Wednesday, December 11th.

ProCook Group Stock Performance

The stock’s 50-day simple moving average is GBX 35.65 and its 200 day simple moving average is GBX 29.16. The company has a quick ratio of 0.36, a current ratio of 0.93 and a debt-to-equity ratio of 301.33. The stock has a market capitalization of £43.31 million, a price-to-earnings ratio of 3,975.00 and a beta of 1.12.

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.