ProCook Group (LON:PROC) Trading Up 4.2% – Should You Buy?

Shares of ProCook Group plc (LON:PROC) were up 4.2% on Wednesday . The company traded as high as GBX 37 ($0.46) and last traded at GBX 37 ($0.46). Approximately 49,073 shares traded hands during trading, an increase of 2% from the average daily volume of 48,021 shares. The stock had previously closed at GBX 35.50 ($0.44).

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PROC shares. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 48 ($0.60) price objective on shares of ProCook Group in a research note on Wednesday, December 11th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 48 ($0.60) target price on shares of ProCook Group in a report on Wednesday, December 11th.

ProCook Group Stock Performance

The company has a current ratio of 0.93, a quick ratio of 0.36 and a debt-to-equity ratio of 301.33. The firm has a market capitalization of £40.32 million, a PE ratio of 3,700.00 and a beta of 1.12. The firm’s fifty day moving average price is GBX 34.31 and its 200 day moving average price is GBX 28.11.

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.