Royal Bank Of Canada Issues Positive Forecast for Frasers Group (LON:FRAS) Stock Price

Frasers Group (LON:FRAS – Get Free Report) had its price target boosted by equities research analysts at Royal Bank Of Canada from GBX 720 to GBX 750 in a note issued to investors on Tuesday,London Stock Exchange reports. The firm presently has an “underperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 5.04% from the stock’s current price.

Several other brokerages have also recently weighed in on FRAS. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,100 price target on shares of Frasers Group in a research report on Thursday, June 11th. Shore Capital Group reaffirmed a “hold” rating on shares of Frasers Group in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Frasers Group currently has an average rating of “Hold” and a consensus target price of GBX 925.

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Frasers Group Stock Performance

Shares of FRAS stock traded down GBX 39 during trading on Tuesday, reaching GBX 714. 356,173 shares of the company’s stock traded hands, compared to its average volume of 1,323,886. The firm’s 50-day moving average is GBX 700.67 and its 200 day moving average is GBX 690.48. The company has a market capitalization of £3.07 billion, a P/E ratio of 6.61, a PEG ratio of 0.30 and a beta of 1.22. Frasers Group has a 1 year low of GBX 598 and a 1 year high of GBX 819.50. The company has a current ratio of 2.08, a quick ratio of 0.64 and a debt-to-equity ratio of 98.60.

Key Frasers Group News

Here are the key news stories impacting Frasers Group this week:

• Positive Sentiment: Frasers Group announced a cash takeover bid for Australian footwear retailer Accent Group, a move that could expand its international presence and strengthen its sportswear/footwear retail portfolio. Frasers Group launches £166m takeover bid for Australian footwear chain Accent
• Positive Sentiment: The company’s bid for Accent Group signals continued M&A ambition under Mike Ashley, which may be viewed as a growth strategy if the deal can be executed at attractive terms. ‘Take no action’: Accent Group advises shareholders after Frasers bid
• Neutral Sentiment: Shore Capital reaffirmed its “hold” rating on Frasers Group, suggesting the broker sees limited near-term upside despite the takeover news. Broker Views
• Negative Sentiment: Some coverage highlighted “significant concerns” around the Accent deal, implying investors may be worried about execution risk, funding, or whether the acquisition will create value. Frasers plots takeover of Accent Group amid ‘significant concerns’

About Frasers Group

(Get Free Report)

Frasers Group Plc, together with its subsidiaries, retails sports and leisure clothing, footwear, equipment, accessories, and apparel through department stores, shops, and online in the United Kingdom, Europe, the United States, Asia, Oceania, and internationally. The company operates through four segments: UK Sports Retail, Premium Lifestyle, International Retail, and Wholesale & Licensing. It is also involved in the wholesale distribution and sale of sports and leisure clothing, footwear, equipment, and apparel; and licensing activities.

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