ProCook Group (LON:PROC) Hits New 12-Month High – Should You Buy?

Shares of ProCook Group plc (LON:PROC) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 38.39 ($0.49) and last traded at GBX 36.10 ($0.46), with a volume of 333723 shares trading hands. The stock had previously closed at GBX 35 ($0.45).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 48 ($0.62) price objective on shares of ProCook Group in a research report on Wednesday, October 16th.

ProCook Group Stock Performance

The company has a market cap of £42.89 million, a P/E ratio of 3,900.00 and a beta of 1.12. The business’s 50 day simple moving average is GBX 28.09 and its 200 day simple moving average is GBX 25.65. The company has a current ratio of 0.93, a quick ratio of 0.36 and a debt-to-equity ratio of 301.33.

ProCook Group Company Profile

ProCook Group plc, through its subsidiaries, engages in the sale of kitchenware and related products in the United Kingdom. The company operates in two segments, Ecommerce and Retail. It offers a range of cookware and tableware products, and kitchen accessories; and holds properties. The company was founded in 1996 and is headquartered in Gloucester, the United Kingdom.