Andrew Wade, an analyst from Jefferies, maintained the Buy rating on Frasers Group. The associated price target is p1,100.00.
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Andrew Wade’s rating is based on Frasers Group’s impressive performance in the first half of the fiscal year 2026, where the company reported double-digit growth in trading profit and underlying EBIT. This growth was primarily driven by strong international operations, bolstered by strategic acquisitions such as Holdsport and XXL, which have significantly contributed to the revenue increase.
Despite a cautious outlook on the trading environment, Frasers Group has maintained its full-year profit before tax guidance, indicating confidence in its strategic direction. Wade believes that the company’s shares present clear value, supported by the solid financial results and strategic advancements, justifying the Buy rating.
According to TipRanks, Wade is a 3-star analyst with an average return of 4.1% and a 51.46% success rate. Wade covers the Consumer Cyclical sector, focusing on stocks such as Pets at Home, THG, and DFS Furniture.
In another report released on November 30, TR | OpenAI – 4o also upgraded the stock to a Buy with a p865.00 price target.