Royal Bank Of Canada Downgrades Frasers Group (LON:FRAS) to Sector perform

Frasers Group (LON:FRAS) was downgraded by research analysts at Royal Bank Of Canada to a “sector perform” rating in a note issued to investors on Monday,Digital Look reports. They presently have a GBX 800 target price on the stock, up from their prior target price of GBX 775. Royal Bank Of Canada’s target price points to a potential upside of 15.94% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Jefferies Financial Group lowered their target price on shares of Frasers Group from GBX 1,200 to GBX 1,100 and set a “buy” rating on the stock in a research note on Thursday, August 7th. Shore Capital reiterated a “hold” rating on shares of Frasers Group in a research note on Thursday, July 17th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 950.

Frasers Group Stock Performance

Frasers Group stock traded down GBX 39 during mid-day trading on Monday, hitting GBX 690. 192,096 shares of the company’s stock traded hands, compared to its average volume of 500,998. The company has a quick ratio of 0.64, a current ratio of 2.57 and a debt-to-equity ratio of 78.73. Frasers Group has a one year low of GBX 534 and a one year high of GBX 790.50. The firm has a 50 day moving average price of GBX 715.10 and a 200 day moving average price of GBX 695.86. The company has a market cap of £2.99 billion, a PE ratio of 10.22, a price-to-earnings-growth ratio of 0.30 and a beta of 1.86.

Insiders Place Their Bets

In other Frasers Group news, insider Andy Lyon purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were purchased at an average price of GBX 704 per share, for a total transaction of £105,600. Insiders own 75.72% of the company’s stock.

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.