Frasers Group (LON:FRAS) Sets New 12-Month Low – Here’s Why

Frasers Group Plc (LON:FRAS) reached a new 52-week low on Monday . The stock traded as low as GBX 603.50 ($7.59) and last traded at GBX 605.50 ($7.61), with a volume of 1308169 shares trading hands. The stock had previously closed at GBX 626.55 ($7.88).

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FRAS shares. Shore Capital lowered Frasers Group to a “hold” rating in a report on Friday, December 13th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,200 ($15.08) price objective on shares of Frasers Group in a research note on Friday, December 6th.

Frasers Group Trading Down 3.4 %

The firm has a market cap of £2.73 billion, a price-to-earnings ratio of 672.78, a price-to-earnings-growth ratio of 0.30 and a beta of 1.86. The business has a 50 day moving average of GBX 735.81 and a 200 day moving average of GBX 814.19. The company has a quick ratio of 0.64, a current ratio of 2.57 and a debt-to-equity ratio of 77.55.

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

Insider Activity

In related news, insider David Daly purchased 3,084 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were bought at an average price of GBX 645 ($8.11) per share, for a total transaction of £19,891.80 ($25,002.26). Company 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.