Frasers Group (LON:FRAS) Trading Up 0.1% – Here’s What Happened

Frasers Group Plc (LON:FRAS) shares were up 0.1% during mid-day trading on Friday . The stock traded as high as GBX 631.50 ($7.98) and last traded at GBX 621.50 ($7.85). Approximately 168,935 shares changed hands during trading, a decline of 80% from the average daily volume of 834,962 shares. The stock had previously closed at GBX 621 ($7.85).

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FRAS shares. Shore Capital cut Frasers Group to a “hold” rating in a research note on Friday, December 13th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,200 ($15.16) price objective on shares of Frasers Group in a report on Friday, December 6th.

Frasers Group Stock Up 0.1 %

The firm has a market capitalization of £2.59 billion, a PE ratio of 7.09, a P/E/G ratio of 0.30 and a beta of 1.86. The company has a quick ratio of 0.64, a current ratio of 2.57 and a debt-to-equity ratio of 78.73. The stock has a 50-day simple moving average of GBX 609.70 and a 200-day simple moving average of GBX 731.24.

Frasers Group (LON:FRAS) last announced its earnings results on Thursday, December 5th. The company reported GBX 51 ($0.64) earnings per share (EPS) for the quarter. Frasers Group had a net margin of 6.95% and a return on equity of 21.74%. Analysts forecast that Frasers Group Plc will post 87.0607029 EPS for the current year.

Insider Buying and Selling

In other news, insider David Daly purchased 3,084 shares of the stock in a transaction on Thursday, December 5th. The shares were acquired at an average price of GBX 645 ($8.15) per share, with a total value of £19,891.80 ($25,131.78). 77.18% of the stock is currently owned by insiders.

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.