Frasers Group (LON:FRAS) Hits New 52-Week Low – Here’s What Happened

Shares of Frasers Group Plc (LON:FRAS) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 571 ($7.06) and last traded at GBX 571 ($7.06), with a volume of 350377 shares. The stock had previously closed at GBX 589.50 ($7.29).

Analyst Ratings Changes

A number of brokerages have recently commented on FRAS. Shore Capital lowered Frasers Group to a “hold” rating in a report on Friday, December 13th. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,200 ($14.83) target price on shares of Frasers Group in a research note on Friday, December 6th.

Frasers Group Price Performance

The company has a quick ratio of 0.64, a current ratio of 2.57 and a debt-to-equity ratio of 77.55. The company’s fifty day moving average is GBX 682.80 and its 200 day moving average is GBX 789.61. The firm has a market cap of £2.56 billion, a price-to-earnings ratio of 631.88, a PEG ratio of 0.30 and a beta of 1.86.

Frasers Group (LON:FRAS) last posted its quarterly earnings data on Thursday, December 5th. The company reported GBX 51 ($0.63) EPS 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 predict that Frasers Group Plc will post 87.0607029 EPS for the current year.

Insider Buying and Selling at Frasers Group

In other news, insider David Daly acquired 3,084 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of GBX 645 ($7.97) per share, with a total value of £19,891.80 ($24,588.13). 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.