Frontier Developments (LON:FDEV) Upgraded at Shore Capital Group

Shore Capital Group upgraded shares of Frontier Developments (LON:FDEV – Free Report) to a buy rating in a research report released on Wednesday morning,Digital Look reports. The brokerage currently has GBX 650 target price on the stock.

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 600 price objective on shares of Frontier Developments in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 618.75.

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Frontier Developments Stock Down 2.8%

Shares of FDEV stock opened at GBX 525 on Wednesday. The company has a debt-to-equity ratio of 16.51, a current ratio of 3.50 and a quick ratio of 2.61. Frontier Developments has a one year low of GBX 302 and a one year high of GBX 588.56. The company’s fifty day moving average price is GBX 436.34 and its 200-day moving average price is GBX 404.82. The company has a market capitalization of £182.35 million, a price-to-earnings ratio of 10.54, a PEG ratio of 2.11 and a beta of 0.03.

Frontier Developments (LON:FDEV – Get Free Report) last issued its earnings results on Wednesday, September 9th. The company reported GBX 74.60 earnings per share for the quarter. Frontier Developments had a net margin of 26.03% and a return on equity of 27.12%. Sell-side analysts expect that Frontier Developments will post 7.0917759 EPS for the current fiscal year.

Insider Activity

In other news, insider Alex Bevis sold 50,000 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of GBX 516, for a total value of £258,000. 38.10% of the stock is currently owned by insiders.

Frontier Developments Company Profile

(Get Free Report)

Frontier is a leading independent developer and publisher of video games for PC and console, creating immersive and fun gameplay, with unparalleled artistic quality.

At Frontier, we specialise in creating endless possibilities in playful, fun and creative worlds. From some of the world’s biggest licensed entertainment and sporting franchises, to intricately crafted worlds where players can explore and make their mark, our games are all underpinned by our unwavering passion for creating compelling and innovative experiences that continue to inspire and delight our players.

We have created games that have defined genres, been critically acclaimed, and reached many millions of players.

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