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

Frasers Group Plc (LON:FRAS)’s stock price hit a new 52-week low on Monday . The stock traded as low as GBX 621.50 ($7.94) and last traded at GBX 624 ($7.97), with a volume of 702310 shares traded. The stock had previously closed at GBX 638 ($8.15).

Analysts Set New Price Targets

Several analysts recently commented on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,200 ($15.33) price target on shares of Frasers Group in a research note on Friday, December 6th. Shore Capital reaffirmed a “buy” rating on shares of Frasers Group in a research note on Friday, December 6th.

Frasers Group Trading Down 1.3 %

The company has a 50 day moving average of GBX 772.64 and a 200 day moving average of GBX 828.03. The company has a current ratio of 2.57, a quick ratio of 0.64 and a debt-to-equity ratio of 77.55. The firm has a market cap of £2.81 billion, a price-to-earnings ratio of 705.33, a price-to-earnings-growth ratio of 0.30 and a beta of 1.86.

Frasers Group (LON:FRAS) last issued its quarterly earnings data 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, research analysts anticipate that Frasers Group Plc will post 87.0607029 EPS for the current year.

Insider Transactions at Frasers Group

In other news, insider David Daly bought 3,084 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of GBX 645 ($8.24) per share, for a total transaction of £19,891.80 ($25,414.33). 77.18% of the stock is currently owned by corporate insiders.

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.