Jefferies Financial Group Reaffirms Buy Rating for Frasers Group (LON:FRAS)

Frasers Group (LON:FRAS)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a research note issued on Friday, MarketBeat reports. They presently have a GBX 1,200 ($15.29) price target on the stock. Jefferies Financial Group’s price target indicates a potential upside of 88.09% from the company’s current price.

Separately, Shore Capital reissued a “buy” rating on shares of Frasers Group in a report on Friday.

Frasers Group Stock Down 3.6 %

FRAS opened at GBX 638 ($8.13) on Friday. The stock’s fifty day simple moving average is GBX 777.01 and its 200 day simple moving average is GBX 829.33. Frasers Group has a 1-year low of GBX 626.50 ($7.98) and a 1-year high of GBX 949.50 ($12.10). The stock has a market cap of £2.87 billion, a PE ratio of 708.89, a price-to-earnings-growth ratio of 0.30 and a beta of 1.86. The company has a current ratio of 2.57, a quick ratio of 0.64 and a debt-to-equity ratio of 77.55.

Frasers Group (LON:FRAS) last posted its earnings results on Thursday, December 5th. The company reported GBX 51 ($0.65) earnings per share (EPS) for the quarter. Frasers Group had a net margin of 6.88% and a return on equity of 22.54%. As a group, research analysts expect that Frasers Group will post 87.0607029 earnings per share for the current year.

Insider Activity at Frasers Group

In other news, insider David Daly bought 3,084 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was bought at an average cost of GBX 645 ($8.22) per share, for a total transaction of £19,891.80 ($25,352.79). 77.18% of the stock is currently owned by corporate insiders.

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.