Frasers Group (LON:FRAS) Trading Up 1.2% – What’s Next?

Frasers Group Plc (LON:FRAS) shot up 1.2% on Tuesday . The stock traded as high as GBX 695 and last traded at GBX 695. 155,482 shares were traded during trading, a decline of 73% from the average session volume of 585,038 shares. The stock had previously closed at GBX 686.50.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FRAS shares. Shore Capital reissued a “hold” rating on shares of Frasers Group in a report on Thursday, December 4th. Royal Bank Of Canada cut Frasers Group to a “sector perform” rating and upped their target price for the stock from GBX 775 to GBX 800 in a research report on Monday, November 3rd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Frasers Group currently has a consensus rating of “Hold” and an average target price of GBX 950.

Frasers Group Price Performance

The company has a current ratio of 2.57, a quick ratio of 0.64 and a debt-to-equity ratio of 78.73. The stock has a fifty day simple moving average of GBX 689.48 and a 200-day simple moving average of GBX 696.93. The stock has a market cap of £3.04 billion, a price-to-earnings ratio of 6.50, a price-to-earnings-growth ratio of 0.30 and a beta of 1.86.

Frasers Group (LON:FRAS) last posted its quarterly earnings data on Thursday, December 4th. The company reported GBX 49.80 earnings per share for the quarter. Frasers Group had a return on equity of 21.74% and a net margin of 6.95%. As a group, equities research analysts expect that Frasers Group Plc will post 87.0607029 EPS for the current year.

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. It is also involved in the wholesale distribution and sale of sports and leisure clothing, footwear, equipment, and apparel; and licensing activities.