Frasers Group (LON:FRAS) Given "Buy" Rating at Jefferies Financial Group

Key Points

• Jefferies reiterated its “Buy” rating on Frasers Group and maintained a GBX 1,100 price target, implying 21.88% upside from the previous close.
• Analyst sentiment remains mixed: Shore Capital reaffirmed a “Hold” rating at GBX 750, while the three-analyst consensus is “Hold” with an average target of GBX 866.67.
• Frasers Group shares fell 0.3% to GBX 902.50 in Tuesday trading, giving the company a market capitalization of approximately £3.86 billion.

Frasers Group (LON:FRAS - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Jefferies Financial Group in a research report issued to clients and investors on Tuesday, London Stock Exchange reports. They presently have a GBX 1,100 price objective on the stock. Jefferies Financial Group's price objective would suggest a potential upside of 21.88% from the company's previous close.

Separately, Shore Capital Group reaffirmed a "hold" rating and set a GBX 750 price objective on shares of Frasers Group in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of GBX 866.67.

Frasers Group Stock Down 0.3%

FRAS stock traded down GBX 3 during midday trading on Tuesday, hitting GBX 902.50. The company's stock had a trading volume of 8,883,198 shares, compared to its average volume of 998,042. The firm has a market capitalization of £3.86 billion, a P/E ratio of 10.41, a PEG ratio of 0.30 and a beta of 1.24. The company has a quick ratio of 0.64, a current ratio of 1.80 and a debt-to-equity ratio of 104.42. Frasers Group has a 52-week low of GBX 598 and a 52-week high of GBX 909. The firm has a 50-day simple moving average of GBX 818.01 and a 200-day simple moving average of GBX 737.79.

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.

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