Frasers Group (LON:FRAS) Reaches New 1-Year High – Here’s Why

Shares of Frasers Group Plc (LON:FRAS) reached a new 52-week high on Thursday . The stock traded as high as GBX 792 and last traded at GBX 790.50, with a volume of 308690 shares. The stock had previously closed at GBX 771.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,100 price objective on shares of Frasers Group in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 950.

Frasers Group Stock Up 1.7%

The business’s 50 day simple moving average is GBX 698.51 and its 200 day simple moving average is GBX 690.62. The company has a current ratio of 2.08, a quick ratio of 0.64 and a debt-to-equity ratio of 98.60. The firm has a market capitalization of £3.41 billion, a PE ratio of 7.33, a PEG ratio of 0.30 and a beta of 1.22.

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.