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

Frontier Developments (LON:FDEV)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a research note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 600 price objective on the stock. Berenberg Bank’s price target would suggest a potential upside of 24.59% from the stock’s previous close.

Separately, Shore Capital Group restated a “buy” rating and issued a GBX 650 target price on shares of Frontier Developments in a report on Wednesday, June 10th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 618.75.

Frontier Developments Trading Up 8.0%

Frontier Developments stock opened at GBX 481.59 on Wednesday. The firm has a market cap of £167.27 million, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. Frontier Developments has a 1 year low of GBX 302 and a 1 year high of GBX 588.56. The firm’s 50 day moving average price is GBX 431.21 and its two-hundred day moving average price is GBX 402.27. The company has a debt-to-equity ratio of 19.71, a quick ratio of 2.61 and a current ratio of 2.83.

Insiders Place Their Bets

In other Frontier Developments news, insider Alex Bevis sold 5,084 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of GBX 404, for a total value of £20,539.36. 38.10% of the stock is currently owned by company 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.