Frontier Developments (LON:FDEV) Stock Keeps Buy Rating at Shore Capital Group

Frontier Developments (LON:FDEV)‘s stock had its “buy” rating reiterated by equities research analysts at Shore Capital Group in a report issued on Thursday, October 15th, Digital Look reports. They currently have a GBX 650 target price on the stock. Shore Capital Group‘s price objective suggests a potential upside of 17.75% from the company’s current price.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 600 price target on shares of Frontier Developments in a research note on Wednesday, September 9th. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 618.75.

Frontier Developments Trading Down 3.0%

Frontier Developments stock traded down GBX 17 during mid-day trading on Thursday, reaching GBX 552. 30,366 shares of the company traded hands, compared to its average volume of 171,991. The company has a debt-to-equity ratio of 16.51, a current ratio of 3.50 and a quick ratio of 2.61. The firm’s 50 day moving average price is GBX 526.09 and its 200 day moving average price is GBX 448.30. The firm has a market capitalization of £186.90 million, a price-to-earnings ratio of 7.89, a P/E/G ratio of 2.11 and a beta of 0.03. Frontier Developments has a 52-week low of GBX 302 and a 52-week high of GBX 659.

Frontier Developments (LON:FDEV) last issued 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, analysts anticipate that Frontier Developments will post 7.09 earnings per share for the current fiscal year.

Insider Activity

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