Frasers Group (LON:FRAS) Stock Price Down 2.5% - Here's Why

Key Points

• Frasers Group's stock price fell by 2.5%, trading as low as GBX 693.50 ($9.26) during mid-day trading, with a significant decline in trading volume of 71% from its average.
• Analysts have mixed ratings on Frasers Group, with Jefferies Financial Group lowering their target price from GBX 1,200 to GBX 1,100, indicating a "buy" rating, while others maintain a "hold" status.
• The company reported earnings per share of GBX 98.10 for the recent quarter, with an anticipated EPS of 87.06 for the current fiscal year, reflecting a net margin of 6.95% and a return on equity of 21.74%.

Frasers Group Plc (LON:FRAS - Get Free Report) traded down 2.5% during mid-day trading on Friday . The stock traded as low as GBX 693.50 ($9.26) and last traded at GBX 697.50 ($9.31). 152,293 shares changed hands during trading, a decline of 71% from the average session volume of 531,403 shares. The stock had previously closed at GBX 715.50 ($9.56).

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FRAS shares. Shore Capital reissued a "hold" rating on shares of Frasers Group in a research report on Thursday, July 17th. Jefferies Financial Group reduced their target price on Frasers Group from GBX 1,200 to GBX 1,100 and set a "buy" rating for the company in a report on Thursday, August 7th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 1,100.

Frasers Group Trading Down 2.5%

The company has a current ratio of 2.57, a quick ratio of 0.64 and a debt-to-equity ratio of 78.73. The company has a market cap of £3.02 billion, a PE ratio of 1,033.33, a P/E/G ratio of 0.30 and a beta of 1.86. The business's 50-day simple moving average is GBX 701.12 and its 200-day simple moving average is GBX 680.32.

Frasers Group (LON:FRAS - Get Free Report) last posted its quarterly earnings results 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%. As a group, analysts expect 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.

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