Frontier Developments’ (FDEV) Buy Rating Reaffirmed at Shore Capital Group

Frontier Developments (LON:FDEV)‘s stock had its “buy” rating restated by equities research analysts at Shore Capital Group in a research report issued on Thursday, Digital Look reports. They currently have a GBX 650 price target on the stock. Shore Capital Group’s price objective suggests a potential upside of 17.98% 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 research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 618.75.

Frontier Developments Stock Down 1.6%

LON:FDEV opened at GBX 550.94 on Thursday. The company has a market cap of £186.54 million, a price-to-earnings ratio of 7.87, 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. 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 stock’s fifty day moving average price is GBX 513.60 and its two-hundred day moving average price is GBX 440.81.

Frontier Developments (LON:FDEV) last announced its quarterly earnings data 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, analysts anticipate that Frontier Developments will post 7.09 EPS for the current year.

Insider Activity at Frontier Developments

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