Frasers Group (LON:FRAS) Shares Down 2% - What's Next?

Key Points

• Frasers Group's shares dropped 2% to a last price of GBX 701.50 ($9.45), with trading volume declining by 64% from the average.
• Equity analysts have given Frasers Group a consensus rating of "Moderate Buy," with Jefferies Financial Group lowering their price target from GBX 1,200 to GBX 1,100.
• The company's most recent quarterly earnings report showed GBX 98.10 earnings per share and a net margin of 6.95%.

Frasers Group Plc (LON:FRAS - Get Free Report)'s stock price was down 2% on Friday . The company traded as low as GBX 697 ($9.39) and last traded at GBX 701.50 ($9.45). Approximately 201,831 shares traded hands during trading, a decline of 64% from the average daily volume of 564,458 shares. The stock had previously closed at GBX 715.50 ($9.64).

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FRAS shares. Shore Capital reaffirmed a "hold" rating on shares of Frasers Group in a research note on Thursday, July 17th. Jefferies Financial Group cut their price target on shares of Frasers Group from GBX 1,200 to GBX 1,100 and set a "buy" rating on the stock in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 1,100.

Frasers Group Stock Down 2.0%

The firm's 50-day moving average price is GBX 685.23 and its 200-day moving average price is GBX 670.81. The company has a market cap of £3.04 billion, a price-to-earnings ratio of 1,039.26, a price-to-earnings-growth ratio of 0.30 and a beta of 1.86. The company has a debt-to-equity ratio of 78.73, a current ratio of 2.57 and a quick ratio of 0.64.

Frasers Group (LON:FRAS - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported GBX 98.10 earnings per share for the quarter. Frasers Group had a net margin of 6.95% and a return on equity of 21.74%. Sell-side analysts forecast that Frasers Group Plc will post 87.0607029 earnings per share for the current fiscal 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.

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