Frasers Group (LON:FRAS) Given “Buy” Rating at Jefferies Financial Group

Frasers Group (LON:FRAS)‘s stock had its “buy” rating restated by investment analysts at Jefferies Financial Group in a report released on Friday, Marketbeat reports. They presently have a GBX 1,200 ($15.31) price target on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 86.76% from the stock’s current price.

Separately, Shore Capital reiterated a “buy” rating on shares of Frasers Group in a research note on Friday.

Frasers Group Stock Performance

Shares of Frasers Group stock traded down GBX 19.48 ($0.25) on Friday, hitting GBX 642.52 ($8.20). The stock had a trading volume of 3,192,632 shares, compared to its average volume of 444,734. Frasers Group has a twelve month low of GBX 626.50 ($7.99) and a twelve month high of GBX 949.50 ($12.12). The business’s 50 day moving average is GBX 780.87 and its two-hundred day moving average is GBX 830.66. The company has a quick ratio of 0.64, a current ratio of 2.57 and a debt-to-equity ratio of 77.55. The stock has a market cap of £2.89 billion, a price-to-earnings ratio of 713.92, a price-to-earnings-growth ratio of 0.30 and a beta of 1.86.

Frasers Group (LON:FRAS) last posted its earnings results on Thursday, December 5th. The company reported GBX 51 ($0.65) EPS for the quarter. Frasers Group had a return on equity of 22.54% and a net margin of 6.88%. Analysts forecast that Frasers Group will post 87.0607029 EPS for the current year.

Insiders Place Their Bets

In related news, insider David Daly purchased 3,084 shares of the stock in a transaction dated Thursday, December 5th. The stock was bought at an average cost of GBX 645 ($8.23) per share, for a total transaction of £19,891.80 ($25,381.91). Corporate insiders own 77.18% of the company’s stock.

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.