Frasers Group (LON:FRAS) Trading Up 1.5% – What’s Next?

Frasers Group Plc (LON:FRAS)’s share price was up 1.5% during mid-day trading on Thursday . The stock traded as high as GBX 638 ($7.91) and last traded at GBX 630.50 ($7.81). Approximately 285,485 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 1,213,909 shares. The stock had previously closed at GBX 621 ($7.70).

Analysts Set New Price Targets

A number of research firms have recently commented on FRAS. Shore Capital downgraded shares of Frasers Group to a “hold” rating in a report on Friday, December 13th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,200 ($14.87) price target on shares of Frasers Group in a research note on Friday, December 6th.

Frasers Group Stock Up 0.9 %

The company has a quick ratio of 0.64, a current ratio of 2.57 and a debt-to-equity ratio of 77.55. The business has a 50-day simple moving average of GBX 630.91 and a two-hundred day simple moving average of GBX 757.37. The stock has a market capitalization of £2.86 billion, a P/E ratio of 706.67, a PEG ratio of 0.30 and a beta of 1.86.

Frasers Group (LON:FRAS) last posted its earnings results on Thursday, December 5th. The company reported GBX 51 ($0.63) earnings per share for the quarter. Frasers Group had a net margin of 6.88% and a return on equity of 22.54%. Equities research analysts forecast that Frasers Group Plc will post 87.0607029 earnings per share for the current fiscal year.

Insider Transactions at Frasers Group

In other Frasers Group news, insider David Daly acquired 3,084 shares of Frasers Group stock in a transaction on Thursday, December 5th. The shares were bought at an average price of GBX 645 ($7.99) per share, with a total value of £19,891.80 ($24,652.13). Company insiders own 77.18% of the company’s stock.

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.