Frasers Group’s (FRAS) “Hold” Rating Reiterated at Shore Capital Group

Frasers Group (LON:FRAS)‘s stock had its “hold” rating reissued by equities research analysts at Shore Capital Group in a report issued on Friday,London Stock Exchange reports. They presently have a GBX 750 price objective on the stock. Shore Capital Group’s price objective indicates a potential downside of 1.64% from the company’s previous close.

Several other equities analysts also 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. Royal Bank Of Canada upped their price objective on shares of Frasers Group from GBX 720 to GBX 750 and gave the stock an “underperform” rating in a report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 866.67.

Frasers Group Stock Performance

Shares of LON FRAS opened at GBX 762.50 on Friday. 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 firm has a market cap of £3.28 billion, a price-to-earnings ratio of 7.06, a P/E/G ratio of 0.30 and a beta of 1.23. The business’s 50-day simple moving average is GBX 739.98 and its 200-day simple moving average is GBX 700.49. Frasers Group has a 52 week low of GBX 598 and a 52 week high of GBX 819.50.

Frasers Group (LON:FRAS) last posted its 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, equities research analysts expect that Frasers Group will post 87.0607029 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.