Frontier Developments (LON:FDEV) Upgraded by Deutsche Bank Aktiengesellschaft to Buy Rating

Frontier Developments (LON:FDEV) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft to a “buy” rating in a note issued to investors on Wednesday,London Stock Exchange reports. The brokerage presently has a GBX 605 price objective on the stock, up from their previous price objective of GBX 580. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 15.89% from the stock’s current price.

A number of other analysts also recently commented on FDEV. Berenberg Bank upped their target price on Frontier Developments from GBX 550 to GBX 600 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Shore Capital reaffirmed a “buy” rating on shares of Frontier Developments in a research note on Thursday, November 6th. Finally, Peel Hunt boosted their target price on shares of Frontier Developments from GBX 446 to GBX 620 and gave the company a “buy” rating in a research note on Friday, November 7th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 608.33.

Frontier Developments Stock Performance

LON:FDEV traded up GBX 37.03 during midday trading on Wednesday, hitting GBX 522.03. The company’s stock had a trading volume of 364,622 shares, compared to its average volume of 216,169. Frontier Developments has a fifty-two week low of GBX 176.40 and a fifty-two week high of GBX 588.56. The company has a debt-to-equity ratio of 27.70, a current ratio of 2.93 and a quick ratio of 2.61. The firm has a market cap of £188.78 million, a P/E ratio of 12.83, a P/E/G ratio of 2.11 and a beta of 0.03. The firm’s 50 day moving average is GBX 495.76 and its 200-day moving average is GBX 435.21.

Frontier Developments (LON:FDEV) last released its quarterly earnings data on Wednesday, January 14th. The company reported GBX 21.40 EPS for the quarter. Frontier Developments had a negative net margin of 24.05% and a negative return on equity of 30.43%. Equities analysts anticipate that Frontier Developments will post 7.0917759 earnings per share for the current fiscal year.

Insider Activity at Frontier Developments

In related news, insider David John Walsh purchased 1,500 shares of Frontier Developments stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average price of GBX 537 per share, for a total transaction of £8,055. 37.83% of the stock is owned by corporate insiders.

Frontier Developments Company Profile

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.