Frasers Group (LON:FRAS) Reaches New 12-Month Low – Here’s Why

Frasers Group Plc (LON:FRAS)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 571 ($6.97) and last traded at GBX 571 ($6.97), with a volume of 350377 shares changing hands. The stock had previously closed at GBX 589.50 ($7.20).

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Shore Capital downgraded shares of Frasers Group to a “hold” rating in a report on Friday, December 13th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,200 ($14.65) price target on shares of Frasers Group in a research note on Friday, December 6th.

Frasers Group Stock Performance

The business has a 50 day moving average of GBX 675.26 and a 200-day moving average of GBX 785.58. The company has a market capitalization of £2.62 billion, a P/E ratio of 645.56, 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.

Frasers Group (LON:FRAS) last announced its quarterly earnings results on Thursday, December 5th. The company reported GBX 51 ($0.62) earnings per share for the quarter. Frasers Group had a return on equity of 22.54% and a net margin of 6.88%. On average, sell-side analysts predict that Frasers Group Plc will post 87.0607029 EPS for the current fiscal year.

Insider Activity at Frasers Group

In related news, insider David Daly acquired 3,084 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average cost of GBX 645 ($7.88) per share, for a total transaction of £19,891.80 ($24,287.91). 77.18% of the stock is owned by corporate 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.