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Frasers Group ( (GB:FRAS) ) has provided an update.
Frasers Group has announced a new Term Loan and Revolving Credit Facility, replacing its existing financing arrangements. This new facility, valid for three years with options to extend up to five years, allows the Group access to borrowings of up to £3.0bn, with an additional £0.5bn available at the discretion of lenders. The significant increase in the facility size highlights the banking industry’s confidence in Frasers Group’s success and its Elevation Strategy.
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: 274,662
Technical Sentiment Signal: Sell
Current Market Cap: £2.85B
See more insights into FRAS stock on TipRanks’ Stock Analysis page.