Royal Bank of Canada Reaffirms Underperform Rating for Frasers Group (LON:FRAS)

Frasers Group (LON:FRASGet Rating)‘s stock had its “underperform” rating reiterated by equities researchers at Royal Bank of Canada in a research report issued to clients and investors on Tuesday, MarketBeat reports. They presently have a GBX 675 ($8.43) target price on the stock. Royal Bank of Canada’s target price suggests a potential downside of 1.60% from the company’s previous close.

Shares of LON FRAS opened at GBX 686 ($8.57) on Tuesday. Frasers Group has a 1 year low of GBX 510 ($6.37) and a 1 year high of GBX 827 ($10.33). The company has a market capitalization of £3.38 billion and a P/E ratio of -134.90. The company has a 50 day simple moving average of GBX 655.49 and a 200-day simple moving average of GBX 693.42. The company has a debt-to-equity ratio of 77.51, a current ratio of 1.90 and a quick ratio of 0.76.

Frasers Group Company Profile (Get Rating)

Frasers Group plc, together with its subsidiaries, retails sports and leisure clothing, footwear, equipment, and apparel through department stores, shops, and online in the United Kingdom and internationally. The company operates through five segments: UK Sports Retail, Premium Lifestyle, European Retail, Rest of World Retail, and Wholesale & Licensing.

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