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Frasers Group ( (GB:FRAS) ) has issued an announcement.
Frasers Group PLC has executed a share buyback program, purchasing 11,953 of its ordinary shares at an average price of 670.9128 pence per share. This move is part of a broader strategy to manage its capital structure and potentially enhance shareholder value by holding these shares as treasury shares. The buyback reflects the company’s ongoing efforts to optimize its financial operations and maintain a strong market position.
The most recent analyst rating on (GB:FRAS) stock is a Buy with a £1100.00 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’s overall stock score is driven by its solid financial performance and strategic corporate events, which enhance its market position. While technical indicators suggest weak momentum, the company’s undervaluation and strategic initiatives provide a positive outlook.
To see Spark’s full report on GB:FRAS stock, click here.
More about Frasers Group
Frasers Group PLC operates in the retail industry, offering a diverse range of products including sports equipment, clothing, and lifestyle goods. The company is known for its extensive portfolio of brands and its focus on expanding its market presence through strategic acquisitions and investments.
Average Trading Volume: 174,576
Technical Sentiment Signal: Sell
Current Market Cap: £2.73B
Find detailed analytics on FRAS stock on TipRanks’ Stock Analysis page.