Shore Capital Reaffirms Hold Rating for Frasers Group (LON:FRAS)

Frasers Group (LON:FRAS)‘s stock had its “hold” rating reissued by investment analysts at Shore Capital in a report issued on Thursday, MarketBeat.com reports.

FRAS has been the topic of a number of other reports. Royal Bank Of Canada downgraded Frasers Group to a “sector perform” rating and boosted their price objective for the company from GBX 775 to GBX 800 in a research note on Monday, November 3rd. Jefferies Financial Group lowered their target price on Frasers Group from GBX 1,200 to GBX 1,100 and set a “buy” rating for the company in a report on Thursday, August 7th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of GBX 950.

Frasers Group Stock Down 3.6%

Shares of LON FRAS opened at GBX 678.50 on Thursday. The company’s 50 day moving average price is GBX 721.92 and its 200-day moving average price is GBX 702.75. The company has a debt-to-equity ratio of 78.73, a quick ratio of 0.64 and a current ratio of 2.57. Frasers Group has a 52-week low of GBX 534 and a 52-week high of GBX 775. The company has a market capitalization of £2.94 billion, a P/E ratio of 10.05, a price-to-earnings-growth ratio of 0.30 and a beta of 1.86.

Frasers Group (LON:FRAS) last posted its quarterly earnings data on Thursday, December 4th. The company reported GBX 49.80 earnings per share for the quarter. Frasers Group had a net margin of 6.95% and a return on equity of 21.74%. Equities analysts forecast that Frasers Group will post 87.0607029 earnings per share for the current year.

Insider Buying and Selling at Frasers Group

In related news, insider Andy Lyon bought 15,000 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were bought at an average price of GBX 704 per share, for a total transaction of £105,600. 75.72% of the stock is owned by corporate insiders.

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.