Frasers Group Completes Holdsport Acquisition

Frasers Group ( (GB:FRAS) ) has issued an update.

Frasers Group plc has announced the completion of its acquisition of Holdsport, following the fulfillment of customary regulatory conditions. This acquisition is part of Frasers Group’s strategic expansion efforts, potentially strengthening its market position and offering new opportunities for growth.

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 Outperform.

Frasers Group demonstrates financial stability with strong cash flows and a solid equity base. The strategic partnerships and expansions into new markets are positive indicators of future growth. However, stalled revenue growth and technical indicators suggest caution. The stock is undervalued, but corporate events introduce some uncertainties.

To see Spark’s full report on GB:FRAS stock, click here.

More about Frasers Group

Average Trading Volume: 393,662

Technical Sentiment Signal: Hold

Current Market Cap: £2.95B

See more insights into FRAS stock on TipRanks’ Stock Analysis page.