Frontier Developments (LON:FDEV) Earns Buy Rating from Shore Capital Group

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

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

Frontier Developments Price Performance

FDEV traded up GBX 5 during trading on Thursday, reaching GBX 555. 144,913 shares of the company were exchanged, compared to its average volume of 172,806. Frontier Developments has a 12-month low of GBX 302 and a 12-month high of GBX 659. The company’s 50-day moving average is GBX 518.45 and its two-hundred day moving average is GBX 443.11. 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 company has a market cap of £187.91 million, a price-to-earnings ratio of 7.93, a P/E/G ratio of 2.11 and a beta of 0.03.

Frontier Developments (LON:FDEV) last posted its 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%. Research analysts forecast that Frontier Developments will post 7.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Frontier Developments

In other Frontier Developments news, insider Alex Bevis sold 50,000 shares of the firm’s stock in a transaction dated 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 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.