Frasers Group (LON:FRAS) Sets New 12-Month High – Here’s Why

Frasers Group Plc (LON:FRAS)’s share price hit 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 traded. The stock had previously closed at GBX 868.

Analyst Ratings Changes

Several brokerages have issued reports on FRAS. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,100 target price on shares of Frasers Group in a report on Thursday, July 2nd. Shore Capital Group reiterated a “hold” rating and set a GBX 750 price target on shares of Frasers Group in a report on Friday, July 24th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Frasers Group has a consensus rating of “Hold” and a consensus price target of GBX 866.67.

Frasers Group Stock Up 0.6%

The business has a 50-day moving average of GBX 811.03 and a 200-day moving average of GBX 754.08. The company has a debt-to-equity ratio of 104.42, a quick ratio of 0.64 and a current ratio of 1.80. The stock has a market capitalization of £3.74 billion, a price-to-earnings ratio of 10.07, a P/E/G ratio of 0.30 and a beta of 1.24.

Frasers Group (LON:FRAS) last issued its quarterly earnings data on Thursday, July 16th. The company reported GBX 79.20 earnings per share (EPS) for the quarter. Frasers Group had a net margin of 7.04% and a return on equity of 15.67%. On average, sell-side analysts expect that Frasers Group Plc will post 87.06 EPS for the current year.

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. It is also involved in the wholesale distribution and sale of sports and leisure clothing, footwear, equipment, and apparel; and licensing activities.