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

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

Wall Street Analysts Forecast Growth

FRAS has been the subject of a number of analyst reports. Jefferies Financial Group restated 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 reiterated a “hold” rating and issued 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 866.67.

Frasers Group Stock Down 0.1%

The firm has a 50-day moving average of GBX 813.91 and a two-hundred day moving average of GBX 757.30. The firm has a market cap of £3.73 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 0.30 and a beta of 1.24. The company has a current ratio of 1.80, a quick ratio of 0.64 and a debt-to-equity ratio of 104.42.

Frasers Group Company Profile

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.