Frasers Group (LON:FRAS) Sets New 12-Month High – Here’s Why

Frasers Group Plc (LON:FRAS)’s share price reached a new 52-week high on Monday. The stock traded as high as GBX 878.50 and last traded at GBX 873.50, with a volume of 76,421 shares changing hands. The stock had previously closed at GBX 868.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FRAS shares. Jefferies Financial Group restated a “buy” rating and set a GBX 1,100 price target on shares of Frasers Group in a research note on Thursday, July 2nd. Shore Capital Group reissued a “hold” rating and set a GBX 750 target price on shares of Frasers Group in a research note on Friday, July 24th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 866.67.

Frasers Group Trading Up 0.6%

The firm has a market cap of £3.74 billion, a price-to-earnings ratio of 10.07, a P/E/G ratio of 0.30 and a beta of 1.24. The company has a debt-to-equity ratio of 104.42, a current ratio of 1.80 and a quick ratio of 0.64. The company’s 50 day simple moving average is GBX 811.03 and its 200 day simple moving average is GBX 754.08.

Frasers Group (LON:FRAS) last issued its quarterly earnings results on Thursday, July 16th. The company reported GBX 79.20 earnings per share for the quarter. Frasers Group had a return on equity of 15.67% and a net margin of 7.04%. As a group, research analysts expect that Frasers Group Plc will post 87.06 earnings per share 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.