Frasers Group (LON:FRAS) Sets New 1-Year Low – Here’s Why

Posted by Martin Roberts on Dec 11th, 2024

Frasers Group Plc (LON:FRAS – Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as GBX 621.50 ($7.94) and last traded at GBX 624 ($7.97), with a volume of 702310 shares changing hands. The stock had previously closed at GBX 638 ($8.15).

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,200 ($15.33) price objective on shares of Frasers Group in a report on Friday, December 6th. Shore Capital reiterated a “buy” rating on shares of Frasers Group in a report on Friday, December 6th.

Get Our Latest Report on Frasers Group

Frasers Group Trading Down 1.3 %

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 market capitalization of £2.81 billion, a price-to-earnings ratio of 705.33, a PEG ratio of 0.30 and a beta of 1.86. The business has a 50 day simple moving average of GBX 772.64 and a 200-day simple moving average of GBX 828.03.

Frasers Group (LON:FRAS – Get Free Report) last posted its earnings results on Thursday, December 5th. The company reported GBX 51 ($0.65) earnings per share (EPS) for the quarter. Frasers Group had a return on equity of 22.54% and a net margin of 6.88%. As a group, equities analysts expect that Frasers Group Plc will post 87.0607029 earnings per share for the current year.

Insider Buying and Selling at Frasers Group

In other news, insider David Daly acquired 3,084 shares of Frasers Group stock in a transaction dated Thursday, December 5th. The stock was bought at an average cost of GBX 645 ($8.24) per share, with a total value of £19,891.80 ($25,414.33). Insiders own 77.18% of the company’s stock.

About Frasers Group

(Get Free Report)

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.