Frasers Group (LON:FRAS) Trading Up 1.5% – Should You Buy?

Frasers Group Plc (LON:FRAS) shares shot up 1.5% during trading on Thursday . The company traded as high as GBX 638 ($7.92) and last traded at GBX 630.50 ($7.83). 285,485 shares traded hands during trading, a decline of 76% from the average session volume of 1,213,909 shares. The stock had previously closed at GBX 621 ($7.71).

Analysts Set New Price Targets

A number of brokerages have weighed in on FRAS. Shore Capital downgraded Frasers Group to a “hold” rating in a report on Friday, December 13th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,200 ($14.90) target price on shares of Frasers Group in a report on Friday, December 6th.

Frasers Group Stock Performance

The company has a 50 day moving average price of GBX 634.97 and a 200 day moving average price of GBX 760.61. 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 market capitalization of £2.84 billion, a price-to-earnings ratio of 700.56, a P/E/G ratio of 0.30 and a beta of 1.86.

Frasers Group (LON:FRAS) last issued 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%. Equities research analysts predict that Frasers Group Plc will post 87.0607029 earnings per share for the current fiscal year.

Insider Buying and Selling at Frasers Group

In other Frasers Group news, insider David Daly bought 3,084 shares of the stock in a transaction dated Thursday, December 5th. The shares were bought at an average cost of GBX 645 ($8.01) per share, for a total transaction of £19,891.80 ($24,704.17). Company insiders own 77.18% of the company’s stock.

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.