Frasers Group (LON:FRAS) Trading Down 2.9% – Here’s What Happened

Frasers Group Plc (LON:FRAS) traded down 2.9% on Monday . The company traded as low as GBX 705 and last traded at GBX 705. 261,641 shares changed hands during trading, a decline of 59% from the average session volume of 644,749 shares. The stock had previously closed at GBX 726.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reaffirmed a “hold” rating on shares of Frasers Group in a research note on Monday, February 9th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 950.

Frasers Group Trading Up 2.0%

The company has a market cap of £2.93 billion, a P/E ratio of 6.27, a P/E/G ratio of 0.30 and a beta of 1.86. The business’s 50-day moving average price is GBX 694.27 and its 200 day moving average price is GBX 702.34. The company has a debt-to-equity ratio of 98.60, a quick ratio of 0.64 and a current ratio of 2.08.

Frasers Group (LON:FRAS) last released its quarterly earnings data on Thursday, December 4th. The company reported GBX 49.80 earnings per share (EPS) for the quarter. Frasers Group had a return on equity of 21.64% and a net margin of 9.42%. As a group, analysts expect that Frasers Group Plc will post 87.0607029 earnings per share for the current year.

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. It is also involved in the wholesale distribution and sale of sports and leisure clothing, footwear, equipment, and apparel; and licensing activities.