Frasers Group (LON:FRAS) Stock Price Up 1.3% – Still a Buy?

Shares of Frasers Group Plc (LON:FRAS) rose 1.3% during trading on Monday . The stock traded as high as GBX 735.50 and last traded at GBX 725. Approximately 374,678 shares traded hands during trading, a decline of 26% from the average daily volume of 505,094 shares. The stock had previously closed at GBX 715.50.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FRAS shares. Royal Bank Of Canada lowered shares of Frasers Group to a “sector perform” rating and lifted their price target for the company from GBX 775 to GBX 800 in a research report on Monday, November 3rd. Jefferies Financial Group lowered their target price on shares of Frasers Group from GBX 1,200 to GBX 1,100 and set a “buy” rating on the stock in a research note on Thursday, August 7th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 950.

Frasers Group Trading Up 1.3%

The company has a market capitalization of £3.14 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 0.30 and a beta of 1.86. The business has a fifty day moving average price of GBX 717.44 and a 200 day moving average price of GBX 700.58. The company has a debt-to-equity ratio of 78.73, a current ratio of 2.57 and a quick ratio of 0.64.

Insider Transactions at Frasers Group

In related news, insider Andy Lyon bought 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was purchased at an average cost of GBX 704 per share, for a total transaction of £105,600. Company insiders own 75.72% of the company’s stock.

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.