Frasers Group (LON:FRAS) Stock Price Down 0.4% – Time to Sell?

by · The Cerbat Gem

Frasers Group Plc (LON:FRAS – Get Free Report)’s stock price fell 0.4% during mid-day trading on Wednesday . The stock traded as low as GBX 695.50 and last traded at GBX 711.50. 5,021,716 shares changed hands during mid-day trading, an increase of 327% from the average session volume of 1,175,163 shares. The stock had previously closed at GBX 714.50.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FRAS. Shore Capital Group reaffirmed a “hold” rating on shares of Frasers Group in a research report on Monday, February 9th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,100 target price on shares of Frasers Group in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 950.

View Our Latest Stock Analysis on FRAS

Frasers Group Trading Down 0.4%

The company has a debt-to-equity ratio of 98.60, a current ratio of 2.08 and a quick ratio of 0.64. The company’s 50 day moving average is GBX 664.38 and its two-hundred day moving average is GBX 684.22. The firm has a market cap of £3.06 billion, a P/E ratio of 6.59, a PEG ratio of 0.30 and a beta of 1.21.

About Frasers Group

(Get Free Report)

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.

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