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

Frontier Developments (LON:FDEV)‘s stock had its “buy” rating reissued by analysts at Shore Capital Group in a research note issued on Thursday, Digital Look reports. They presently have a GBX 650 price objective on the stock. Shore Capital Group’s target price suggests a potential upside of 18.83% from the stock’s previous close.

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

Frontier Developments Stock Down 2.3%

Shares of LON:FDEV traded down GBX 13 during trading hours on Thursday, hitting GBX 547. The company’s stock had a trading volume of 4,361,383 shares, compared to its average volume of 192,742. The firm’s fifty day moving average price is GBX 513.60 and its 200 day moving average price is GBX 440.81. The company has a debt-to-equity ratio of 16.51, a current ratio of 3.50 and a quick ratio of 2.61. The company has a market capitalization of £185.20 million, a price-to-earnings ratio of 7.81, 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.

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 return on equity of 27.12% and a net margin of 26.03%. As a group, research analysts expect that Frontier Developments will post 7.09 EPS for the current year.

Insiders Place Their Bets

In related news, insider Alex Bevis sold 50,000 shares of the stock in a transaction that occurred 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 39.02% 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.