Frasers Group (LON:FRAS) Reaches New 52-Week Low – Should You Sell?

Frasers Group Plc (LON:FRAS) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 600.63 ($7.46) and last traded at GBX 600.63 ($7.46), with a volume of 130579 shares trading hands. The stock had previously closed at GBX 605 ($7.52).

Analyst Ratings Changes

Several research analysts have recently weighed in on FRAS shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,200 ($14.91) price target on shares of Frasers Group in a research note on Friday, December 6th. Shore Capital downgraded shares of Frasers Group to a “hold” rating in a report on Friday, December 13th.

Frasers Group Stock Down 0.9 %

The firm has a market capitalization of £2.70 billion, a PE ratio of 666.05, a PEG 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. The stock has a 50 day simple moving average of GBX 695.50 and a 200 day simple moving average of GBX 795.36.

Frasers Group (LON:FRAS) last released its quarterly earnings results on Thursday, December 5th. The company reported GBX 51 ($0.63) earnings per share for the quarter. Frasers Group had a net margin of 6.88% and a return on equity of 22.54%. As a group, sell-side analysts forecast that Frasers Group Plc will post 87.0607029 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider David Daly bought 3,084 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average cost of GBX 645 ($8.01) per share, with a total value of £19,891.80 ($24,710.31). 77.18% of the stock is owned by 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.