Frasers Group (LON:FRAS) Stock Price Down 0.4% – Should You Sell?

Frasers Group Plc (LON:FRAS) shares fell 0.4% during mid-day trading on Wednesday . The stock traded as low as GBX 695.50 and last traded at GBX 711.50. 5,021,716 shares changed hands during trading, an increase of 327% from the average session volume of 1,175,163 shares. The stock had previously closed at GBX 714.50.

Analysts Set New Price Targets

Several brokerages recently issued reports on FRAS. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,100 price objective on shares of Frasers Group in a research note on Wednesday, April 29th. Shore Capital Group reissued a “hold” rating on shares of Frasers Group in a research note on Monday, February 9th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 950.

Frasers Group Stock Performance

The company has a quick ratio of 0.64, a current ratio of 2.08 and a debt-to-equity ratio of 98.60. The company has a market cap of £3.13 billion, a PE ratio of 6.72, a P/E/G ratio of 0.30 and a beta of 1.21. The stock’s 50 day simple moving average is GBX 665.22 and its two-hundred day simple moving average is GBX 684.10.

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.