Frasers Group (LON:FRAS) Rating Lowered to “Hold” at Shore Capital

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

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

Frasers Group Price Performance

Shares of LON FRAS opened at GBX 616.50 ($7.78) on Friday. Frasers Group has a fifty-two week low of GBX 613.50 ($7.75) and a fifty-two week high of GBX 949.50 ($11.99). The company has a market cap of £2.78 billion, a PE ratio of 685.00, a P/E/G ratio of 0.30 and a beta of 1.86. The company has a debt-to-equity ratio of 77.55, a quick ratio of 0.64 and a current ratio of 2.57. The business has a 50-day simple moving average of GBX 755.91 and a two-hundred day simple moving average of GBX 822.41.

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 analysts expect that Frasers Group will post 87.0607029 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider David Daly purchased 3,084 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of GBX 645 ($8.14) per share, with a total value of £19,891.80 ($25,115.91). Corporate insiders own 77.18% of the company’s stock.

About Frasers Group

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.