Shore Capital Group Reaffirms Buy Rating for Frontier Developments (LON:FDEV)

Frontier Developments (LON:FDEV)‘s stock had its “buy” rating reissued by stock analysts at Shore Capital Group in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 650 price target on the stock. Shore Capital Group’s target price indicates a potential upside of 17.12% from the company’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 investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Frontier Developments currently has a consensus rating of “Buy” and an average price target of GBX 618.75.

Frontier Developments Stock Performance

LON FDEV traded up GBX 5 on Thursday, reaching GBX 555. The stock had a trading volume of 144,913 shares, compared to its average volume of 172,806. The stock has a market cap of £187.91 million, a P/E ratio of 7.93, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. Frontier Developments has a 12-month low of GBX 302 and a 12-month high of GBX 659. The business’s 50-day moving average price is GBX 518.45 and its 200 day moving average price is GBX 443.11. 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 (LON:FDEV) last announced its quarterly earnings data on Wednesday, September 9th. The company reported GBX 74.60 earnings per share for the quarter. Frontier Developments had a return on equity of 27.12% and a net margin of 26.03%. As a group, equities analysts expect that Frontier Developments will post 7.09 earnings per share for the current year.

Insider Activity at Frontier Developments

In related news, insider Alex Bevis sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of GBX 516, for a total value of £258,000. 39.02% of the stock is owned by company insiders.

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.