Frasers Group (LON:FRAS) Trading 2.2% Higher – Time to Buy?

Frasers Group Plc (LON:FRAS) rose 2.2% during mid-day trading on Monday . The company traded as high as GBX 684.50 and last traded at GBX 684.50. Approximately 6,920,428 shares traded hands during trading, an increase of 31% from the average daily volume of 5,281,254 shares. The stock had previously closed at GBX 670.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Shore Capital restated a “hold” rating on shares of Frasers Group in a research report on Thursday, December 4th. Royal Bank Of Canada downgraded Frasers Group to a “sector perform” rating and upped their price objective for the stock from GBX 775 to GBX 800 in a report on Monday, November 3rd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 950.

Frasers Group Trading Up 2.2%

The company has a quick ratio of 0.64, a current ratio of 2.57 and a debt-to-equity ratio of 78.73. The stock has a market capitalization of £2.96 billion, a P/E ratio of 6.34, a price-to-earnings-growth ratio of 0.30 and a beta of 1.86. The company has a fifty day simple moving average of GBX 696.96 and a two-hundred day simple moving average of GBX 695.70.

Frasers Group (LON:FRAS) last released its quarterly earnings results on Thursday, December 4th. The company reported GBX 49.80 EPS for the quarter. Frasers Group had a return on equity of 21.74% and a net margin of 6.95%. On average, sell-side analysts expect that Frasers Group Plc will post 87.0607029 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Andy Lyon purchased 15,000 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were purchased at an average price of GBX 704 per share, with a total value of £105,600. Insiders own 75.72% of the company’s stock.

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.