Frasers Group (LON:FRAS – Get Free Report) released its quarterly earnings results on Thursday. The company reported GBX 79.20 earnings per share for the quarter, Digital Look Earnings reports. Frasers Group had a return on equity of 21.64% and a net margin of 9.42%.
Frasers Group Price Performance
Shares of LON FRAS traded down GBX 23.70 during midday trading on Thursday, reaching GBX 739.30. The stock had a trading volume of 127,206 shares, compared to its average volume of 1,206,179. The company has a market capitalization of £3.18 billion, a price-to-earnings ratio of 6.85, a price-to-earnings-growth ratio of 0.30 and a beta of 1.23. The company has a debt-to-equity ratio of 98.60, a quick ratio of 0.64 and a current ratio of 2.08. The stock has a 50-day moving average of GBX 731.72 and a 200-day moving average of GBX 697.26. Frasers Group has a 12-month low of GBX 598 and a 12-month high of GBX 819.50.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on FRAS shares. Shore Capital Group reaffirmed a “hold” rating on shares of Frasers Group in a research report on Tuesday, June 16th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,100 price target on shares of Frasers Group in a research report on Thursday, July 2nd. Finally, Royal Bank Of Canada raised their price target on Frasers Group from GBX 720 to GBX 750 and gave the stock an “underperform” rating in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Frasers Group currently has a consensus rating of “Hold” and an average target price of GBX 925.
About Frasers Group
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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