Jefferies Financial Group Issues Pessimistic Forecast for Frasers Group (LON:FRAS) Stock Price

Key Points

• Jefferies Financial Group has lowered its target price for Frasers Group stock from GBX 1,200 ($16.03) to GBX 1,100 ($14.69), while maintaining a "buy" rating, indicating a potential upside of 64.67% from the previous close.
• Shore Capital has restated a "hold" rating on Frasers Group shares, suggesting mixed sentiment in the market.
• Frasers Group reported earnings of GBX 98.10 ($1.31) per share with a net margin of 6.95% and a return on equity of 21.74% for the most recent quarter.

Frasers Group (LON:FRAS - Get Free Report) had its target price lowered by investment analysts at Jefferies Financial Group from GBX 1,200 ($16.03) to GBX 1,100 ($14.69) in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's price objective suggests a potential upside of 64.67% from the company's previous close.

Separately, Shore Capital restated a "hold" rating on shares of Frasers Group in a report on Thursday, July 17th.

Frasers Group Stock Performance

LON:FRAS opened at GBX 668 ($8.92) on Thursday. 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 firm has a market capitalization of £2.78 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 0.30 and a beta of 1.86. The firm's fifty day simple moving average is GBX 688.66 and its 200 day simple moving average is GBX 655.17. Frasers Group has a twelve month low of GBX 534 ($7.13) and a twelve month high of GBX 903.02 ($12.06).

Frasers Group (LON:FRAS - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported GBX 98.10 ($1.31) 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, equities research analysts expect that Frasers Group 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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