Frasers Group (LON:FRAS) Hits New 1-Year High – Should You Buy?

Frasers Group Plc (LON:FRAS)’s share price reached a new 52-week high during trading on Monday. The stock traded as high as GBX 992 and last traded at GBX 987.50, with a volume of 346,455 shares traded. The stock had previously closed at GBX 981.50.

Wall Street Analysts Forecast Growth

FRAS has been the topic of several recent analyst reports. Shore Capital Group reaffirmed a “hold” rating and issued a GBX 750 price target on shares of Frasers Group in a research note on Friday, July 24th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,100 price objective on shares of Frasers Group in a research note on Tuesday, October 27th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Frasers Group has an average rating of “Hold” and an average price target of GBX 866.67.

Frasers Group Trading Down 2.0%

The company has a current ratio of 1.80, a quick ratio of 0.64 and a debt-to-equity ratio of 104.42. The stock has a market cap of £4.06 billion, a P/E ratio of 10.95, a price-to-earnings-growth ratio of 0.30 and a beta of 1.31. The business’s fifty day simple moving average is GBX 843.13 and its 200 day simple moving average is GBX 752.03.

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.