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

Frontier Developments (LON:FDEV)‘s stock had its “buy” rating reaffirmed by stock analysts at Shore Capital Group in a research report issued to clients and investors on Thursday, Digital Look reports. They presently have a GBX 650 price objective on the stock. Shore Capital Group’s price objective would suggest a potential upside of 17.12% from the company’s previous close.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 600 target price on shares of Frontier Developments in a research note on Wednesday, September 9th. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Frontier Developments presently has an average rating of “Buy” and an average target price of GBX 618.75.

Frontier Developments Trading Up 0.9%

Frontier Developments stock opened at GBX 555 on Thursday. 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 has a one year low of GBX 302 and a one year high of GBX 659. The stock has a market capitalization of £187.91 million, a PE ratio of 7.93, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The business’s fifty day moving average is GBX 518.45 and its 200 day moving average is GBX 443.11.

Frontier Developments (LON:FDEV) last posted its 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, sell-side analysts predict that Frontier Developments will post 7.09 EPS for the current year.

Insider Transactions at Frontier Developments

In other Frontier Developments news, insider Alex Bevis sold 50,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was 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.