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

Frasers Group Plc (LON:FRAS)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 840 and last traded at GBX 829.50, with a volume of 27064 shares changing hands. The stock had previously closed at GBX 826.

Analyst Ratings Changes

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

Frasers Group Price Performance

The stock’s 50 day moving average price is GBX 754.65 and its two-hundred day moving average price is GBX 706.94. The stock has a market cap of £3.56 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 0.30 and a beta of 1.23. 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 issued its quarterly earnings data on Thursday, July 16th. The company reported GBX 79.20 earnings per share (EPS) for the quarter. Frasers Group had a return on equity of 15.67% and a net margin of 7.04%. Equities 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.