Frasers Group (LON:FRAS) Sets New 52-Week High – What’s Next?

Frasers Group Plc (LON:FRAS)’s stock price reached a new 52-week high during trading on Tuesday. The stock traded as high as GBX 861 and last traded at GBX 854, with a volume of 28,736 shares. The stock had previously closed at GBX 851.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FRAS. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,100 price target on shares of Frasers Group in a research note on Thursday, July 2nd. Shore Capital Group reissued a “hold” rating and issued a GBX 750 price objective on shares of Frasers Group in a research note on Friday, July 24th. One 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, the company has an average rating of “Hold” and a consensus price target of GBX 866.67.

Frasers Group Stock Performance

The company has a market cap of £3.70 billion, a price-to-earnings ratio of 9.97, a P/E/G ratio of 0.30 and a beta of 1.24. The company has a current ratio of 1.80, a quick ratio of 0.64 and a debt-to-equity ratio of 104.42. The stock’s fifty day simple moving average is GBX 808.96 and its 200 day simple moving average is GBX 750.71.

Frasers Group (LON:FRAS) last released its earnings results on Thursday, July 16th. The company reported GBX 79.20 earnings per share for the quarter. Frasers Group had a net margin of 7.04% and a return on equity of 15.67%. As a group, analysts anticipate that Frasers Group Plc will post 87.06 earnings per share for the current year.

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