Frasers Group (LON:FRAS) Hits New 1-Year High – Here’s What Happened

Frasers Group Plc (LON:FRAS – Get Free Report) shares hit a new 52-week high during trading on Wednesday. The company traded as high as GBX 848.08 and last traded at GBX 847.54, with a volume of 35110 shares changing hands. The stock had previously closed at GBX 820.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,100 price target on shares of Frasers Group in a report on Thursday, July 2nd. Shore Capital Group reaffirmed a “hold” rating and set a GBX 750 target price on shares of Frasers Group in a research report on Friday, July 24th. Finally, Royal Bank Of Canada lifted their target price on Frasers Group from GBX 720 to GBX 750 and gave the stock an “underperform” rating in a research note on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 866.67.

View Our Latest Analysis on FRAS

Frasers Group Stock Performance

The company’s 50 day moving average price is GBX 806.79 and its 200-day moving average price is GBX 744.89. The company has a debt-to-equity ratio of 104.42, a quick ratio of 0.64 and a current ratio of 1.80. The company has a market cap of £3.66 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 0.30 and a beta of 1.24.

Frasers Group (LON:FRAS – Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The company reported GBX 79.20 EPS for the quarter. Frasers Group had a net margin of 7.04% and a return on equity of 15.67%. Equities research analysts anticipate that Frasers Group Plc will post 87.0607029 earnings per share for the current fiscal year.

Frasers Group Company Profile

(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.

Further Reading

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