Frasers Group (LON:FRAS) Hits New 52-Week High – Here’s What Happened

Frasers Group Plc (LON:FRAS – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 784.50 and last traded at GBX 762, with a volume of 25627 shares trading hands. The stock had previously closed at GBX 765.

Analyst Ratings Changes

FRAS has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,100 target price on shares of Frasers Group in a research note on Wednesday, April 29th. Shore Capital Group reaffirmed a “hold” rating on shares of Frasers Group in a research note on Monday, February 9th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 950.

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Frasers Group Stock Down 1.2%

The company has a quick ratio of 0.64, a current ratio of 2.08 and a debt-to-equity ratio of 98.60. The company has a market capitalization of £3.26 billion, a price-to-earnings ratio of 7.00, a P/E/G ratio of 0.30 and a beta of 1.21. The stock’s fifty day moving average price is GBX 670.26 and its 200-day moving average price is GBX 685.54.

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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