Frasers Group (LON:FRAS) Sets New 52-Week Low – Here’s Why

Frasers Group Plc (LON:FRAS) shares hit a new 52-week low on Wednesday . The stock traded as low as GBX 6.51 ($0.08) and last traded at GBX 643 ($8.36), with a volume of 342313 shares trading hands. The stock had previously closed at GBX 653 ($8.49).

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FRAS shares. Shore Capital downgraded Frasers Group to a “hold” rating in a research report on Friday, December 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,200 ($15.60) target price on shares of Frasers Group in a research report on Friday, December 6th.

Frasers Group Stock Down 0.8 %

The company has a market capitalization of £2.70 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 0.30 and a beta of 1.86. The company has a debt-to-equity ratio of 78.73, a quick ratio of 0.64 and a current ratio of 2.57. The business’s 50 day moving average is GBX 617.05 and its 200 day moving average is GBX 704.96.

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.