Frasers Group (LON:FRAS) Cut to Hold at Shore Capital

Shore Capital lowered shares of Frasers Group (LON:FRAS) to a hold rating in a research report report published on Friday, Marketbeat.com reports.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,200 ($15.15) price target on shares of Frasers Group in a research note on Friday, December 6th.

Frasers Group Stock Performance

LON FRAS opened at GBX 616.50 ($7.78) on Friday. The company has a quick ratio of 0.64, a current ratio of 2.57 and a debt-to-equity ratio of 77.55. Frasers Group has a twelve month low of GBX 613.50 ($7.75) and a twelve month high of GBX 949.50 ($11.99). The business has a 50-day moving average price of GBX 755.91 and a 200-day moving average price of GBX 822.41. The firm has a market cap of £2.78 billion, a price-to-earnings ratio of 685.00, a price-to-earnings-growth ratio of 0.30 and a beta of 1.86.

Frasers Group (LON:FRAS) last released its earnings results on Thursday, December 5th. The company reported GBX 51 ($0.64) EPS for the quarter. Frasers Group had a net margin of 6.88% and a return on equity of 22.54%. As a group, equities research analysts predict that Frasers Group will post 87.0607029 EPS for the current fiscal year.

Insider Activity at Frasers Group

In other Frasers Group news, insider David Daly purchased 3,084 shares of Frasers Group stock in a transaction dated Thursday, December 5th. The stock was acquired at an average price of GBX 645 ($8.14) per share, for a total transaction of £19,891.80 ($25,115.91). 77.18% of the stock is owned by company 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.