Frasers Group (LON:FRAS) Price Target Cut to GBX 1,100 by Analysts at Jefferies Financial Group

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 - Free Report) had its price objective trimmed by Jefferies Financial Group from GBX 1,200 ($16.13) to GBX 1,100 ($14.79) in a research note released on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

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

Frasers Group Stock Performance

Shares of FRAS stock traded up GBX 0.50 ($0.01) on Thursday, hitting GBX 669.50 ($9.00). 84,543 shares of the stock traded hands, compared to its average volume of 609,765. The company has a debt-to-equity ratio of 78.73, a current ratio of 2.57 and a quick ratio of 0.64. The company has a market capitalization of £2.79 billion, a PE ratio of 7.64, a PEG ratio of 0.30 and a beta of 1.86. Frasers Group has a 1-year low of GBX 534 ($7.18) and a 1-year high of GBX 903.02 ($12.14). The company's fifty day moving average is GBX 685.94 and its 200 day moving average is GBX 656.92.

Frasers Group (LON:FRAS - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported GBX 98.10 ($1.32) earnings per share (EPS) for the quarter. Frasers Group had a return on equity of 21.74% and a net margin of 6.95%. On average, equities research analysts predict 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.