Frasers Group (LON:FRAS) Shares Up 1% – Here’s Why

Frasers Group Plc (LON:FRAS) was up 1% during mid-day trading on Monday . The stock traded as high as GBX 801.50 and last traded at GBX 799. 188,556 shares changed hands during trading, a decline of 82% from the average session volume of 1,023,255 shares. The stock had previously closed at GBX 791.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FRAS shares. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,100 price objective on shares of Frasers Group in a report on Thursday, July 2nd. Royal Bank Of Canada boosted their price target on Frasers Group from GBX 720 to GBX 750 and gave the company an “underperform” rating in a report on Tuesday, June 16th. Finally, Shore Capital Group reaffirmed a “hold” rating and set a GBX 750 price objective on shares of Frasers Group in a research note on Friday, July 24th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Frasers Group has a consensus rating of “Hold” and a consensus price target of GBX 866.67.

Frasers Group Stock Down 3.3%

The firm’s 50 day moving average price is GBX 792.70 and its two-hundred day moving average price is GBX 729.51. The firm has a market capitalization of £3.26 billion, a PE ratio of 8.74, a P/E/G ratio of 0.30 and a beta of 1.24. The company has a quick ratio of 0.64, a current ratio of 1.80 and a debt-to-equity ratio of 104.42.

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

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.