Frasers Group (LON:FRAS) Hits New 52-Week Low – Here’s What Happened

Frasers Group Plc (LON:FRAS) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 571 ($7.06) and last traded at GBX 571 ($7.06), with a volume of 350377 shares changing hands. The stock had previously closed at GBX 589.50 ($7.29).

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,200 ($14.83) price objective on shares of Frasers Group in a research report on Friday, December 6th. Shore Capital cut shares of Frasers Group to a “hold” rating in a research report on Friday, December 13th.

Frasers Group Price Performance

The company has a debt-to-equity ratio of 77.55, a quick ratio of 0.64 and a current ratio of 2.57. The company has a 50-day moving average price of GBX 682.80 and a 200-day moving average price of GBX 789.61. The firm has a market capitalization of £2.56 billion, a P/E ratio of 631.88, a price-to-earnings-growth ratio of 0.30 and a beta of 1.86.

Frasers Group (LON:FRAS) last released its earnings results on Thursday, December 5th. The company reported GBX 51 ($0.63) 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 earnings per share for the current year.

Insider Transactions at Frasers Group

In other Frasers Group news, insider David Daly acquired 3,084 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average cost of GBX 645 ($7.97) per share, for a total transaction of £19,891.80 ($24,588.13). 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.