Frasers Group (LON:FRAS) Downgraded to “Hold” Rating by Shore Capital

Frasers Group (LON:FRAS) was downgraded by stock analysts at Shore Capital to a “hold” rating in a report issued on Friday,Digital Look reports.

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 1,200 ($15.21) price objective on shares of Frasers Group in a research note on Friday, December 6th.

Frasers Group Price Performance

Frasers Group stock traded down GBX 3.50 ($0.04) during trading on Friday, reaching GBX 620.50 ($7.87). The company had a trading volume of 464,179 shares, compared to its average volume of 436,746. Frasers Group has a 1-year low of GBX 613.50 ($7.78) and a 1-year high of GBX 949.50 ($12.04). The firm has a market capitalization of £2.79 billion, a PE ratio of 689.44, a price-to-earnings-growth ratio of 0.30 and a beta of 1.86. The company has a debt-to-equity ratio of 77.55, a quick ratio of 0.64 and a current ratio of 2.57. The firm’s 50-day simple moving average is GBX 759.82 and its 200 day simple moving average is GBX 823.91.

Frasers Group (LON:FRAS) last posted its quarterly earnings results on Thursday, December 5th. The company reported GBX 51 ($0.65) EPS for the quarter. Frasers Group had a net margin of 6.88% and a return on equity of 22.54%. As a group, equities research analysts anticipate that Frasers Group will post 87.0607029 earnings per share for the current fiscal year.

Insider Transactions at Frasers Group

In related news, insider David Daly acquired 3,084 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was purchased at an average cost of GBX 645 ($8.18) per share, for a total transaction of £19,891.80 ($25,214.60). 77.18% of the stock is owned by insiders.

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.