ProCook Group (LON:PROC) Earns Buy Rating from Canaccord Genuity Group
by Kim Johansen · The Markets DailyProCook Group (LON:PROC – Get Free Report)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity Group in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 62 price target on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 44.19% from the company’s previous close.
ProCook Group Price Performance
PROC stock opened at GBX 43 on Thursday. The company has a market capitalization of £46.06 million, a P/E ratio of 32.58 and a beta of 0.76. The company has a fifty day moving average price of GBX 48.58 and a 200-day moving average price of GBX 43.16. The company has a debt-to-equity ratio of 260.98, a quick ratio of 0.36 and a current ratio of 0.86. ProCook Group has a 52-week low of GBX 26.90 and a 52-week high of GBX 55.
Insider Activity at ProCook Group
In other news, insider Daniel O’Neill sold 27,348,120 shares of ProCook Group stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of GBX 51, for a total transaction of £13,947,541.20. 37.48% of the stock is currently owned by corporate 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.