Frontier Developments plc (LON:FDEV – Get Free Report)’s stock price was down 12.9% during trading on Wednesday. The company traded as low as GBX 556 and last traded at GBX 560. 556,434 shares were traded during mid-day trading, an increase of 224% from the average daily volume of 171,775 shares. The stock had previously closed at GBX 643.
Analyst Upgrades and Downgrades
FDEV has been the subject of several recent research reports. Shore Capital Group reiterated a “buy” rating and issued a GBX 650 price target on shares of Frontier Developments in a research report on Thursday. Berenberg Bank restated a “buy” rating and set a GBX 600 price objective on shares of Frontier Developments in a research report on Wednesday, September 9th. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 618.75.
Read Our Latest Stock Report on Frontier Developments
Frontier Developments Stock Performance
The company has a market capitalization of £191.15 million, a P/E ratio of 8.07, a P/E/G ratio of 2.11 and a beta of 0.03. The business has a 50-day moving average of GBX 516.02 and a 200-day moving average of GBX 442.32. 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 (LON:FDEV – Get Free Report) last posted its quarterly earnings data on Wednesday, September 9th. The company reported GBX 74.60 EPS for the quarter. Frontier Developments had a net margin of 26.03% and a return on equity of 27.12%. On average, sell-side analysts anticipate that Frontier Developments plc will post 7.09 EPS for the current year.
Insider Activity at Frontier Developments
In related news, insider Alex Bevis sold 50,000 shares of Frontier Developments stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of GBX 516, for a total transaction of £258,000. Corporate insiders own 39.02% of the company’s stock.
About Frontier Developments
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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