Frasers Group (LON:FRAS) Stock Jumps 0.5% – Here’s Why

Frasers Group Plc (LON:FRAS)’s share price shot up 0.5% on Monday. The company traded as high as GBX 811.36 and last traded at GBX 809. Approximately 77,022 shares were traded during mid-day trading, a decline of 92% from the average session volume of 975,288 shares. The stock had previously closed at GBX 805.

Wall Street Analyst Weigh In

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

Frasers Group Trading Up 3.5%

The firm’s fifty day simple moving average is GBX 805.64 and its 200 day simple moving average is GBX 741.87. 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 £3.63 billion, a P/E ratio of 9.79, a price-to-earnings-growth 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%. As a group, equities research analysts forecast that Frasers Group Plc will post 87.0607029 EPS for the current fiscal 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.