Frasers Group (LON:FRAS) Sets New 52-Week High – Still a Buy?

Shares of Frasers Group Plc (LON:FRAS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 840 and last traded at GBX 836, with a volume of 61674 shares traded. The stock had previously closed at GBX 820.50.

Analysts Set New Price Targets

Several equities analysts recently commented on FRAS shares. Jefferies Financial Group restated a “buy” rating and set a GBX 1,100 target price on shares of Frasers Group in a research report on Thursday, July 2nd. Royal Bank Of Canada boosted their price objective on Frasers Group from GBX 720 to GBX 750 and gave the stock an “underperform” rating in a report on Tuesday, June 16th. Finally, Shore Capital Group reaffirmed a “hold” rating and issued a GBX 750 target price on shares of Frasers Group in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Frasers Group presently has a consensus rating of “Hold” and an average target price of GBX 866.67.

Frasers Group Stock Performance

The company has a 50 day simple moving average of GBX 767.85 and a 200-day simple moving average of GBX 718.06. The company has a debt-to-equity ratio of 104.42, a current ratio of 1.80 and a quick ratio of 0.64. The stock has a market cap of £3.60 billion, a P/E ratio of 9.65, a price-to-earnings-growth ratio of 0.30 and a beta of 1.24.

Frasers Group (LON:FRAS) last announced its quarterly earnings data on Thursday, July 16th. The company reported GBX 79.20 EPS for the quarter. Frasers Group had a return on equity of 15.67% and a net margin of 7.04%. On average, equities analysts expect that Frasers Group Plc 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. It is also involved in the wholesale distribution and sale of sports and leisure clothing, footwear, equipment, and apparel; and licensing activities.