ProCook Group (LON:PROC) Reaches New 12-Month High - Here's What Happened

Key Points

• ProCook Group shares reached a new 52-week high of GBX 55 before closing near GBX 54.95, up from the previous close of GBX 52.50.
• Canaccord Genuity reaffirmed its “Buy” rating and GBX 62 price target; the stock has a consensus “Buy” rating and an average target of GBX 62.
• Insider Daniel O’Neill sold 27.35 million shares for approximately £13.95 million, while insiders collectively retain a 37.48% stake in the company.

ProCook Group plc (LON:PROC - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 55 and last traded at GBX 54.95, with a volume of 297 shares traded. The stock had previously closed at GBX 52.50.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 62 target price on shares of ProCook Group in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, ProCook Group presently has a consensus rating of "Buy" and an average target price of GBX 62.

ProCook Group Price Performance

The company has a current ratio of 0.86, a quick ratio of 0.36 and a debt-to-equity ratio of 260.98. The firm has a 50 day moving average of GBX 46.98 and a 200-day moving average of GBX 38.27. The company has a market cap of £58.85 million, a P/E ratio of 41.63 and a beta of 0.72.

ProCook Group (LON:PROC - Get Free Report) last released its quarterly earnings data on Thursday, June 25th. The company reported GBX 1.45 earnings per share (EPS) for the quarter. The business had revenue of GBX 8,549 million for the quarter. ProCook Group had a return on equity of 16.45% and a net margin of 1.85%. On average, equities research analysts predict that ProCook Group plc will post 1.6107383 EPS for the current year.

Insider Buying and Selling at ProCook Group

In other ProCook Group news, insider Daniel O’Neill sold 27,348,120 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of GBX 51, for a total value of £13,947,541.20. Insiders own 37.48% of the company's stock.

ProCook Group Company Profile

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.

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