ProCook Group (LON:PROC) Shares Down 3.4% – What’s Next?

ProCook Group plc (LON:PROCGet Free Report)’s share price fell 3.4% during trading on Wednesday . The company traded as low as GBX 32.86 ($0.41) and last traded at GBX 32.86 ($0.41). 76,994 shares traded hands during mid-day trading, an increase of 92% from the average session volume of 40,085 shares. The stock had previously closed at GBX 34 ($0.42).

Wall Street Analysts Forecast Growth

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

Get Our Latest Report on ProCook Group

ProCook Group Price Performance

The stock has a market capitalization of £35.81 million, a PE ratio of 3,286.10 and a beta of 1.12. 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’s 50-day moving average is GBX 36.07 and its 200 day moving average is GBX 30.46.

ProCook Group (LON:PROCGet Free Report) last posted its quarterly earnings results on Wednesday, December 11th. The company reported GBX (1.98) (($0.02)) EPS for the quarter. ProCook Group had a net margin of 0.98% and a return on equity of 7.58%. As a group, equities analysts predict that ProCook Group plc will post 1.6107383 earnings per share for the current year.

About ProCook Group

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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.

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