Frontier Developments (LON:FDEV) Sets New 12-Month High – Time to Buy?

Frontier Developments plc (LON:FDEV) shares hit a new 52-week high on Thursday . The stock traded as high as GBX 596 and last traded at GBX 592, with a volume of 329173 shares traded. The stock had previously closed at GBX 559.

Analyst Ratings Changes

FDEV has been the topic of several research reports. Shore Capital Group raised shares of Frontier Developments to a “buy” rating and set a GBX 650 price objective on the stock in a report on Wednesday, September 9th. Berenberg Bank restated a “buy” rating and set a GBX 600 target price on shares of Frontier Developments in a report on Wednesday, September 9th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 618.75.

Frontier Developments Price Performance

The firm has a 50 day simple moving average of GBX 443.52 and a 200-day simple moving average of GBX 407.96. 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 £205.62 million, a PE ratio of 11.89, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03.

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

Insider Activity

In related news, insider Alex Bevis sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of GBX 516, for a total transaction of £258,000. 38.10% 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.