Frasers Group (LON:FRAS) Hits New 1-Year High – What’s Next?

Frasers Group Plc (LON:FRAS) hit a new 52-week high during mid-day trading on Monday. The stock traded as high as GBX 919.50 and last traded at GBX 916.50, with a volume of 8,175 shares changing hands. The stock had previously closed at GBX 900.50.

Wall Street Analyst Weigh In

FRAS has been the topic of a number of analyst reports. Shore Capital Group reiterated a “hold” rating and issued a GBX 750 price target on shares of Frasers Group in a report on Friday, July 24th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,100 price objective on shares of Frasers Group in a research note on Tuesday, October 27th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Frasers Group has a consensus rating of “Hold” and a consensus price target of GBX 866.67.

Frasers Group Stock Down 0.6%

The firm has a market capitalization of £3.80 billion, a P/E ratio of 10.25, a PEG ratio of 0.30 and a beta of 1.25. The company has a debt-to-equity ratio of 104.42, a quick ratio of 0.64 and a current ratio of 1.80. The business’s fifty day moving average price is GBX 830.33 and its two-hundred day moving average price is GBX 745.10.

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.