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ProCook Group PLC ( (GB:PROC) ) has issued an update.
ProCook Group PLC has announced the opening of five new stores in key UK retail locations, including Manchester Arndale and Birmingham Bullring, ahead of the Christmas trading period. This expansion is part of ProCook’s strategy to reach 100 stores nationwide, having invested £7.0 million in 22 new store openings since June 2024. The new stores, which include larger formats and a refreshed design, aim to enhance customer experience and showcase ProCook’s expanding product range. This expansion is expected to strengthen ProCook’s presence in the UK retail market, create over 150 new jobs, and support local economies.
The most recent analyst rating on (GB:PROC) stock is a Hold with a £40.00 price target. To see the full list of analyst forecasts on ProCook Group PLC stock, see the GB:PROC Stock Forecast page.
Spark’s Take on GB:PROC Stock
According to Spark, TipRanks’ AI Analyst, GB:PROC is a Neutral.
ProCook Group PLC’s stock score is primarily influenced by its financial performance, which shows positive growth trends and strong cash flow management. However, the high leverage poses financial risks. The technical analysis indicates bearish momentum, suggesting caution. The stock’s valuation appears high with a P/E ratio of 42.39 and no dividend yield, further impacting its attractiveness.
To see Spark’s full report on GB:PROC stock, click here.
More about ProCook Group PLC
ProCook is the UK’s leading direct-to-consumer specialist kitchenware brand, offering a high-quality range of direct-sourced and own-brand kitchenware. Established over 25 years ago, the company has grown into a market-leading, multi-channel specialist kitchenware company, employing over 600 colleagues and operating from its Store Support Centre in Gloucester. ProCook is a B Corp, a Real Living Wage employer, and a certified Great Place to Work, committed to social responsibility and environmental consciousness.
Average Trading Volume: 36,082
Technical Sentiment Signal: Sell
Current Market Cap: £36.06M
For detailed information about PROC stock, go to TipRanks’ Stock Analysis page.