Shore Capital Downgrades Frasers Group (LON:FRAS) to Hold

Shore Capital cut shares of Frasers Group (LON:FRAS - Free Report) to a hold rating in a research report report published on Friday, MarketBeat Ratings reports.

Separately, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 1,200 ($15.15) price objective on shares of Frasers Group in a report on Friday, December 6th.

Frasers Group Price Performance

LON FRAS traded down GBX 7.50 ($0.09) during trading hours on Friday, reaching GBX 616.50 ($7.78). 490,921 shares of the stock traded hands, compared to its average volume of 436,891. The company has a debt-to-equity ratio of 77.55, a current ratio of 2.57 and a quick ratio of 0.64. The stock has a 50 day simple moving average of GBX 755.91 and a two-hundred day simple moving average of GBX 822.41. Frasers Group has a 1 year low of GBX 613.50 ($7.74) and a 1 year high of GBX 949.50 ($11.98). The company has a market cap of £2.78 billion, a price-to-earnings ratio of 685.00, a price-to-earnings-growth ratio of 0.30 and a beta of 1.86.

Frasers Group (LON:FRAS - Get Free Report) last announced its quarterly earnings data on Thursday, December 5th. The company reported GBX 51 ($0.64) earnings per share for the quarter. Frasers Group had a return on equity of 22.54% and a net margin of 6.88%. On average, analysts predict that Frasers Group will post 87.0607029 EPS for the current fiscal year.

Insider Transactions at Frasers Group

In other Frasers Group news, insider David Daly acquired 3,084 shares of the business's stock in a transaction on Thursday, December 5th. The shares were acquired at an average price of GBX 645 ($8.14) per share, for a total transaction of £19,891.80 ($25,106.40). Corporate insiders own 77.18% 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.