Frasers Group (LON:FRAS) Reaches New 52-Week High – Time to Buy?

Frasers Group Plc (LON:FRAS) shares reached a new 52-week high on Thursday . The company traded as high as GBX 820 and last traded at GBX 819, with a volume of 11887 shares trading hands. The stock had previously closed at GBX 815.50.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Shore Capital Group reiterated a “hold” rating and set a GBX 750 price objective on shares of Frasers Group in a research report on Friday, July 24th. Royal Bank Of Canada raised their target price on Frasers Group from GBX 720 to GBX 750 and gave the company an “underperform” rating in a research report on Tuesday, June 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,100 target price on shares of Frasers Group in a research note on Thursday, July 2nd. 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 866.67.

Frasers Group Price Performance

The company has a market capitalization of £3.49 billion, a P/E ratio of 7.51, a P/E/G ratio of 0.30 and a beta of 1.23. The business’s 50-day simple moving average is GBX 750.95 and its 200 day simple moving average is GBX 704.80. The company has a current ratio of 1.80, a quick ratio of 0.64 and a debt-to-equity ratio of 104.42.

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

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.