Frasers Group (LON:FRAS) Trading 1% Higher – Here’s Why

Frasers Group Plc (LON:FRAS)’s share price traded up 1% on Monday . The company traded as high as GBX 801.50 and last traded at GBX 799. Approximately 188,556 shares were traded during trading, a decline of 82% from the average daily volume of 1,023,255 shares. The stock had previously closed at GBX 791.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FRAS shares. Shore Capital Group reiterated a “hold” rating and issued a GBX 750 price objective on shares of Frasers Group in a research note on Friday, July 24th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,100 target price on shares of Frasers Group in a report on Thursday, July 2nd. Finally, Royal Bank Of Canada lifted their price target on Frasers Group from GBX 720 to GBX 750 and gave the stock an “underperform” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 866.67.

Frasers Group Trading Up 1.0%

The company has a debt-to-equity ratio of 104.42, a current ratio of 1.80 and a quick ratio of 0.64. The company’s 50 day moving average is GBX 792.02 and its two-hundred day moving average is GBX 729.02. The firm has a market cap of £3.43 billion, a P/E ratio of 9.22, a PEG ratio of 0.30 and a beta of 1.24.

Frasers Group (LON:FRAS) last issued its quarterly earnings results 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%. On average, sell-side analysts predict that Frasers Group Plc will post 87.0607029 earnings per share for the current year.

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.