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

Frasers Group (LON:FRAS)‘s stock had its “hold” rating reissued by equities research analysts at Shore Capital Group in a research report issued to clients and investors on Friday, MarketBeat reports. They currently have a GBX 750 price objective on the stock. Shore Capital Group’s target price would indicate a potential downside of 1.96% from the company’s previous close.

Several other analysts have also issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,100 target price on shares of Frasers Group in a research report on Thursday, July 2nd. Royal Bank Of Canada raised their price target on shares of Frasers Group from GBX 720 to GBX 750 and gave the company an “underperform” rating in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Frasers Group currently has an average rating of “Hold” and an average target price of GBX 866.67.

Frasers Group Stock Performance

FRAS opened at GBX 765 on Friday. Frasers Group has a fifty-two week low of GBX 598 and a fifty-two week high of GBX 819.50. The stock has a market capitalization of £3.29 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 0.30 and a beta of 1.23. 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 company has a fifty day moving average of GBX 741.80 and a 200 day moving average of GBX 700.94.

Frasers Group (LON:FRAS) last released 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 net margin of 7.04% and a return on equity of 15.67%. As a group, sell-side analysts forecast that Frasers Group 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.