Key Points
- Insider Daniel O’Neill sold 27.35 million ProCook Group shares at GBX 51 each, for total proceeds of approximately £13.95 million.
- ProCook shares opened at GBX 53.30 and were reported down 1.3%; the company has a £57.09 million market capitalization and a 52-week trading range of GBX 26.90 to GBX 54.
- Analysts maintain a positive outlook, with Canaccord Genuity reaffirming a “buy” rating and a GBX 62 price target; the consensus rating is also “Buy.”
ProCook Group plc (LON:PROC - Get Free Report) insider Daniel ONeill sold 27,348,120 shares of the business's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of GBX 51, for a total transaction of £13,947,541.20.
ProCook Group Stock Down 1.3%
PROC stock opened at GBX 53.30 on Friday. The company has a debt-to-equity ratio of 260.98, a current ratio of 0.86 and a quick ratio of 0.36. ProCook Group plc has a 52-week low of GBX 26.90 and a 52-week high of GBX 54. The company has a 50-day moving average of GBX 46.41 and a two-hundred day moving average of GBX 37.97. The stock has a market capitalization of £57.09 million, a price-to-earnings ratio of 40.38 and a beta of 0.72.
ProCook Group (LON:PROC - Get Free Report) last posted its quarterly earnings data on Thursday, June 25th. The company reported GBX 1.45 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%. As a group, equities research analysts anticipate that ProCook Group plc will post 1.6107383 EPS for the current year.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 62 target price on shares of ProCook Group in a report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of GBX 62.
Check Out Our Latest Analysis on ProCook Group
About ProCook Group
(
Get Free Report)
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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