Frontier Developments (LON:FDEV – Get Free Report) was upgraded by stock analysts at Shore Capital Group to a “buy” rating in a research note issued to investors on Thursday, London Stock Exchange reports. The brokerage presently has a GBX 650 target price on the stock. Shore Capital Group‘s price objective indicates a potential upside of 22.14% from the stock’s current price.
Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 600 price target on shares of Frontier Developments in a report on Wednesday, September 9th. Four equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 618.75.
Read Our Latest Stock Analysis on FDEV
Frontier Developments Price Performance
FDEV stock opened at GBX 532.17 on Thursday. The company has a debt-to-equity ratio of 16.51, a quick ratio of 2.61 and a current ratio of 3.50. Frontier Developments has a 1 year low of GBX 302 and a 1 year high of GBX 659. The firm has a market cap of £180.18 million, a P/E ratio of 7.60, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The stock has a 50-day simple moving average of GBX 543.60 and a 200-day simple moving average of GBX 442.69.
Frontier Developments (LON:FDEV – Get Free Report) last released its quarterly earnings results on Wednesday, September 9th. The company reported GBX 74.60 earnings per share (EPS) for the quarter. Frontier Developments had a net margin of 26.03% and a return on equity of 27.12%. On average, equities analysts predict that Frontier Developments will post 7.09 earnings per share for the current fiscal year.
Insider Activity
In related news, insider Alex Bevis sold 50,000 shares of Frontier Developments 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. Company 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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