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An update from Frasers Group ( (GB:FRAS) ) is now available.
Frasers Group plc has taken a significant step by publishing a letter through its legal advisers, White & Case LLP, addressed to the Chairman of boohoo group plc. The letter calls for an independent investigation and the suspension of Mahmud Kamani, Executive Vice Chair of boohoo, following allegations of misconduct related to loans made to boohoo suppliers. Frasers believes that these actions are necessary to safeguard the interests of boohoo, its shareholders, and stakeholders.
The most recent analyst rating on (GB:FRAS) stock is a Buy with a £1050.00 price target. To see the full list of analyst forecasts on Frasers Group stock, see the GB:FRAS Stock Forecast page.
Spark’s Take on GB:FRAS Stock
According to Spark, TipRanks’ AI Analyst, GB:FRAS is a Neutral.
Frasers Group’s overall score reflects its financial stability and strategic growth initiatives. The solid cash flow and undervaluation are significant strengths. The company’s expansion efforts are promising, though the halted acquisition introduces some risk. Technical analysis suggests caution due to overbought indicators.
To see Spark’s full report on GB:FRAS stock, click here.
More about Frasers Group
Average Trading Volume: 245,587
Technical Sentiment Signal: Sell
Current Market Cap: £2.91B
See more data about FRAS stock on TipRanks’ Stock Analysis page.