Frasers Group (LON:FRAS) Hits New 1-Year Low – Here’s Why

Frasers Group Plc (LON:FRAS) shares hit a new 52-week low during trading on Friday . The company traded as low as GBX 600.63 ($7.43) and last traded at GBX 600.63 ($7.43), with a volume of 130579 shares changing hands. The stock had previously closed at GBX 605 ($7.49).

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,200 ($14.85) target price on shares of Frasers Group in a report on Friday, December 6th. Shore Capital downgraded Frasers Group to a “hold” rating in a research note on Friday, December 13th.

Frasers Group Price Performance

The company has a quick ratio of 0.64, a current ratio of 2.57 and a debt-to-equity ratio of 77.55. The company has a market capitalization of £2.72 billion, a P/E ratio of 670.00, a price-to-earnings-growth ratio of 0.30 and a beta of 1.86. The business’s 50-day moving average is GBX 703.45 and its two-hundred day moving average is GBX 798.89.

Frasers Group (LON:FRAS) last issued its quarterly earnings results on Thursday, December 5th. The company reported GBX 51 ($0.63) earnings per share for the quarter. Frasers Group had a net margin of 6.88% and a return on equity of 22.54%. As a group, analysts predict that Frasers Group Plc will post 87.0607029 earnings per share for the current year.

Insider Activity at Frasers Group

In other Frasers Group news, insider David Daly bought 3,084 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average price of GBX 645 ($7.98) per share, for a total transaction of £19,891.80 ($24,621.61). 77.18% 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.