Frasers Group (LON:FRAS) Shares Up 1.2% – Time to Buy?

Frasers Group Plc (LON:FRAS) shares were up 1.2% during mid-day trading on Tuesday . The stock traded as high as GBX 695 and last traded at GBX 695. Approximately 155,482 shares traded hands during trading, a decline of 73% from the average daily volume of 585,038 shares. The stock had previously closed at GBX 686.50.

Wall Street Analyst Weigh In

A number of brokerages have commented on FRAS. Royal Bank Of Canada downgraded Frasers Group to a “sector perform” rating and raised their price objective for the stock from GBX 775 to GBX 800 in a research report on Monday, November 3rd. Shore Capital reaffirmed a “hold” rating on shares of Frasers Group in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 950.

Frasers Group Stock Performance

The company has a current ratio of 2.57, a quick ratio of 0.64 and a debt-to-equity ratio of 78.73. The firm has a market capitalization of £3.04 billion, a price-to-earnings ratio of 6.50, a PEG ratio of 0.30 and a beta of 1.86. The stock has a fifty day moving average price of GBX 689.48 and a 200-day moving average price of GBX 696.93.

Frasers Group (LON:FRAS) last announced 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%. As a group, analysts anticipate that Frasers Group Plc will post 87.0607029 earnings per share 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.