Jefferies analyst Andrew Wade maintained a Buy rating on Frasers Group today and set a price target of p1,100.00.
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Andrew Wade has given his Buy rating due to a combination of factors that highlight Frasers Group’s strategic investments and growth potential. The recent acquisition of the Swindon Designer Outlet is a testament to the company’s ongoing commitment to expanding its property portfolio, following its significant purchase of the Braehead shopping centre in Glasgow. This acquisition aligns with Frasers’ Elevation Strategy, emphasizing the importance of physical retail spaces and unlocking new opportunities for the company.
Wade’s confidence in Frasers is further supported by the company’s demonstrated capacity and ambition to invest in strategic opportunities. The Swindon Designer Outlet, being one of the UK’s top outlets by footfall and housing key brand partners like Nike and Adidas, enhances Frasers’ ability to drive demand and improve its retail offerings. These strategic moves position Frasers well for future growth, justifying the Buy rating.
In another report released on December 7, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a p757.00 price target.