Frasers Group (LON:FRAS) Sets New 52-Week High - Still a Buy?

Key Points

• Frasers Group shares reached a new 52-week high, trading as high as GBX 840 and closing near GBX 836, up 2.0% from the previous close.
• Analyst sentiment is mixed: Jefferies maintained a “buy” rating with a GBX 1,100 target, while Shore Capital rated it “hold” and RBC rated it “underperform.” The average rating is “Hold,” with an average target of GBX 866.67.
• The company reported quarterly EPS of GBX 79.20, with a 15.67% return on equity and a 7.04% net margin; valuation metrics included a P/E ratio of 9.65 and a market capitalization of approximately £3.60 billion.

Frasers Group Plc (LON:FRAS - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as GBX 840 and last traded at GBX 836, with a volume of 61674 shares changing hands. The stock had previously closed at GBX 820.50.

Analyst Ratings Changes

FRAS has been the topic of a number of recent research reports. Shore Capital Group reaffirmed a "hold" rating and set a GBX 750 price target on shares of Frasers Group in a research report on Friday, July 24th. Royal Bank Of Canada increased their target price on shares of Frasers Group from GBX 720 to GBX 750 and gave the stock an "underperform" rating in a research report on Tuesday, June 16th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a GBX 1,100 price target on shares of Frasers Group in a research report on Thursday, July 2nd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of GBX 866.67.

Frasers Group Trading Up 2.0%

The company has a debt-to-equity ratio of 104.42, a quick ratio of 0.64 and a current ratio of 1.80. The firm has a market cap of £3.60 billion, a P/E ratio of 9.65, a P/E/G ratio of 0.30 and a beta of 1.24. The firm has a 50 day simple moving average of GBX 767.85 and a 200 day simple moving average of GBX 718.06.

Frasers Group (LON:FRAS - Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The company reported GBX 79.20 earnings per share for the quarter. Frasers Group had a return on equity of 15.67% and a net margin of 7.04%. On average, equities research analysts predict that Frasers Group Plc will post 87.0607029 EPS for the current fiscal 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.

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