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

Frasers Group (LON:FRAS) was downgraded by research analysts at Shore Capital to a “hold” rating in a report issued on Friday, MarketBeat.com 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 research note on Friday, December 6th.

Frasers Group Stock Down 1.2 %

Shares of LON:FRAS opened at GBX 616.50 ($7.78) on Friday. The company has a 50 day moving average of GBX 755.91 and a 200-day moving average of GBX 822.41. Frasers Group has a one year low of GBX 613.50 ($7.74) and a one year high of GBX 949.50 ($11.98). The stock has a market cap of £2.78 billion, a price-to-earnings 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 current ratio of 2.57 and a quick ratio of 0.64.

Frasers Group (LON:FRAS) last issued 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%. On average, sell-side analysts forecast that Frasers Group will post 87.0607029 earnings per share for the current year.

Insider Buying and Selling

In other Frasers Group news, insider David Daly acquired 3,084 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average cost of GBX 645 ($8.14) per share, for a total transaction of £19,891.80 ($25,106.40). 77.18% of the stock is currently owned by company insiders.

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.