Frontier Developments (LON:FDEV) Stock Rating Upgraded by Shore Capital Group

Frontier Developments (LON:FDEV) was upgraded by investment analysts at Shore Capital Group to a “buy” rating in a research note issued on Thursday, London Stock Exchange reports. The firm currently has a GBX 650 price target on the stock. Shore Capital Group‘s price objective would indicate a potential upside of 22.14% from the stock’s current price.

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

Frontier Developments Trading Up 3.9%

LON:FDEV opened at GBX 532.17 on Thursday. The company has a quick ratio of 2.61, a current ratio of 3.50 and a debt-to-equity ratio of 16.51. The business’s 50 day moving average is GBX 543.60 and its two-hundred day moving average is GBX 442.69. Frontier Developments has a 52 week low of GBX 302 and a 52 week high of GBX 659. The company has a market cap of £180.18 million, a PE ratio of 7.60, a P/E/G ratio of 2.11 and a beta of 0.03.

Frontier Developments (LON:FDEV) last issued its quarterly earnings results 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%. On average, analysts predict that Frontier Developments will post 7.09 EPS for the current year.

Insider Buying and Selling

In other 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 transaction of £258,000. 39.02% of the stock is currently owned by 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.