Frasers Group (LON:FRAS) Issues Earnings Results

Frasers Group (LON:FRAS) released its quarterly earnings results on Thursday. The company reported GBX 79.20 EPS for the quarter, Digital Look Earnings reports. Frasers Group had a net margin of 9.42% and a return on equity of 21.64%.

Frasers Group Stock Down 2.7%

LON FRAS traded down GBX 20.50 during trading on Thursday, hitting GBX 742.50. 150,242 shares of the company traded hands, compared to its average volume of 1,206,349. Frasers Group has a 12 month low of GBX 598 and a 12 month high of GBX 819.50. The business has a fifty day simple moving average of GBX 731.72 and a 200 day simple moving average of GBX 697.26. The company has a market capitalization of £3.19 billion, a P/E ratio of 6.88, a PEG ratio of 0.30 and a beta of 1.23. The company has a current ratio of 2.08, a quick ratio of 0.64 and a debt-to-equity ratio of 98.60.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FRAS shares. Royal Bank Of Canada boosted their target price on shares of Frasers Group from GBX 720 to GBX 750 and gave the company an “underperform” rating in a report on Tuesday, June 16th. Shore Capital Group reissued a “hold” rating on shares of Frasers Group in a report on Tuesday, June 16th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 1,100 price target on shares of Frasers Group in a research report on Thursday, July 2nd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Frasers Group presently has a consensus rating of “Hold” and a consensus target price of GBX 925.

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. It is also involved in the wholesale distribution and sale of sports and leisure clothing, footwear, equipment, and apparel; and licensing activities.