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Canaccord says ProCook valuation does not reflect growth opportunities

By Alexander Bueso

Date: Wednesday 08 Jan 2025

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity reiterated their 'buy' recommendation for shares of ProCook.
The kitchenware specialist had made additional "strong" financial and strategic progress over the peak trading period of its third fiscal quarter.

Yet with management having said that trading had been in line with its full-year expectations, Canaccord was left anticipating only "limited" changes to the consensus estimates for the company's FY25 sales and profit of £68m and £2.5m, respectively.

Nonetheless, in their opinion "the current valuation does not reflect the growth opportunities from further store expansion and LFL initiatives."

Their 48.0p target price was unchanged.

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Price Data

Price 11,501.79
Change Today 54.85
% Change 0.48 %
31-Mar-25 Close 11,501.79
Year End 31-Dec-13

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