Frasers Group (LON:FRAS) Cut to “Sector perform” at Royal Bank Of Canada

by · The Cerbat Gem

Royal Bank Of Canada downgraded shares of Frasers Group (LON:FRAS – Free Report) to a sector perform rating in a report published on Monday, MarketBeat.com reports. Royal Bank Of Canada currently has GBX 800 price target on the stock, up from their previous price target of GBX 775.

FRAS has been the subject of a number of other research reports. Shore Capital reiterated a “hold” rating on shares of Frasers Group in a research report on Thursday, July 17th. Jefferies Financial Group cut their price objective on shares of Frasers Group from GBX 1,200 to GBX 1,100 and set a “buy” rating on the stock in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 950.

Check Out Our Latest Stock Analysis on FRAS

Frasers Group Stock Performance

Shares of LON FRAS opened at GBX 692 on Monday. Frasers Group has a 12-month low of GBX 534 and a 12-month high of GBX 790.50. The company has a market cap of £3.00 billion, a PE ratio of 10.25, a P/E/G ratio of 0.30 and a beta of 1.86. The stock has a 50 day simple moving average of GBX 714.97 and a 200-day simple moving average of GBX 696.76. The company has a current ratio of 2.57, a quick ratio of 0.64 and a debt-to-equity ratio of 78.73.

Insiders Place Their Bets

In other news, insider Andy Lyon bought 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was acquired at an average price of GBX 704 per share, with a total value of £105,600. 75.72% of the stock is owned by corporate insiders.

Frasers Group Company Profile

(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.

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