Frontier Developments’ (FDEV) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Frontier Developments (LON:FDEV) in a report released on Wednesday,Digital Look reports. The brokerage currently has a GBX 600 price target on the stock.

Separately, Shore Capital Group reiterated a “buy” rating and issued a GBX 650 target price on shares of Frontier Developments in a research note on Wednesday, June 10th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, Frontier Developments currently has a consensus rating of “Buy” and an average price target of GBX 618.75.

Frontier Developments Trading Down 2.8%

LON:FDEV opened at GBX 525 on Wednesday. Frontier Developments has a one year low of GBX 302 and a one year high of GBX 588.56. The company has a debt-to-equity ratio of 16.51, a quick ratio of 2.61 and a current ratio of 3.50. The firm has a market cap of £182.35 million, a P/E ratio of 10.54, a P/E/G ratio of 2.11 and a beta of 0.03. The firm has a 50-day simple moving average of GBX 436.34 and a 200-day simple moving average of GBX 404.82.

Frontier Developments (LON:FDEV) last announced its earnings results on Wednesday, September 9th. The company reported GBX 74.60 earnings per share (EPS) for the quarter. Frontier Developments had a return on equity of 27.12% and a net margin of 26.03%. Equities analysts anticipate that Frontier Developments will post 7.0917759 EPS for the current fiscal year.

Insider Transactions at Frontier Developments

In other Frontier Developments news, insider Alex Bevis sold 50,000 shares of Frontier Developments stock in a transaction on Thursday, September 10th. The shares were sold at an average price of GBX 516, for a total value of £258,000. Corporate insiders own 38.10% of the company’s stock.

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.