Frasers Group (LON:FRAS) Stock Price Down 0.9%

Shares of Frasers Group plc (LON:FRASGet Rating) were down 0.9% on Thursday . The company traded as low as GBX 878 ($10.38) and last traded at GBX 878 ($10.38). Approximately 402,422 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 580,688 shares. The stock had previously closed at GBX 886 ($10.48).

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised shares of Frasers Group to a “sector perform” rating and cut their target price for the company from GBX 850 ($10.05) to GBX 750 ($8.87) in a report on Wednesday, October 19th.

Frasers Group Stock Performance

The business’s fifty day moving average is GBX 708.88 and its two-hundred day moving average is GBX 738.74. The company has a quick ratio of 0.80, a current ratio of 2.54 and a debt-to-equity ratio of 110.69. The stock has a market capitalization of £4.19 billion and a PE ratio of 1,756.00.

Insider Activity at Frasers Group

In other Frasers Group news, insider David Daly bought 3,117 shares of the business’s stock in a transaction that occurred on Thursday, November 3rd. The stock was purchased at an average cost of GBX 645 ($7.63) per share, with a total value of £20,104.65 ($23,772.79).

About Frasers Group

(Get Rating)

Frasers Group plc, together with its subsidiaries, retails sports and leisure clothing, footwear, equipment, and apparel through department stores, shops, and online in the United Kingdom and internationally. The company operates through five segments: UK Sports Retail, Premium Lifestyle, European Retail, Rest of World Retail, and Wholesale & Licensing.

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