Frasers Group (LON:FRAS) Lowered to “Hold” Rating by Shore Capital

Shore Capital cut shares of Frasers Group (LON:FRAS) to a hold rating in a research report sent to investors on Friday morning, Marketbeat Ratings reports.

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,200 ($15.15) price objective on shares of Frasers Group in a report on Friday, December 6th.

Frasers Group Stock Down 1.2 %

Shares of Frasers Group stock opened at GBX 616.50 ($7.78) on Friday. The firm has a market cap of £2.78 billion, a price-to-earnings ratio of 685.00, a P/E/G ratio of 0.30 and a beta of 1.86. The stock has a 50-day simple moving average of GBX 755.91 and a 200-day simple moving average of GBX 822.41. Frasers Group has a 52-week low of GBX 613.50 ($7.74) and a 52-week high of GBX 949.50 ($11.98). The company has a debt-to-equity ratio of 77.55, a current ratio of 2.57 and a quick ratio of 0.64.

Frasers Group (LON:FRAS) last issued its quarterly earnings data on Thursday, December 5th. The company reported GBX 51 ($0.64) earnings per share for the quarter. Frasers Group had a net margin of 6.88% and a return on equity of 22.54%. On average, equities research analysts expect that Frasers Group will post 87.0607029 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider David Daly purchased 3,084 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was bought at an average cost of GBX 645 ($8.14) per share, for a total transaction of £19,891.80 ($25,106.40). Corporate insiders own 77.18% of the company’s stock.

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.