Frontier Developments (LON:FDEV) Stock Rating Reaffirmed as Buy by Shore Capital Group

Frontier Developments (LON:FDEV)‘s stock had its “buy” rating reaffirmed by analysts at Shore Capital Group in a report issued on Thursday, Digital Look reports. They presently have a GBX 650 target price on the stock. Shore Capital Group’s price target points to a potential upside of 18.18% from the stock’s previous close.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 600 price objective 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.com, Frontier Developments has an average rating of “Buy” and an average price target of GBX 618.75.

Frontier Developments Stock Down 1.8%

FDEV traded down GBX 10 during midday trading on Thursday, hitting GBX 550. The company had a trading volume of 4,815,586 shares, compared to its average volume of 195,013. The stock’s 50 day moving average price is GBX 513.60 and its 200 day moving average price is GBX 440.81. Frontier Developments has a 52 week low of GBX 302 and a 52 week high of GBX 659. The company has a market capitalization of £186.22 million, a price-to-earnings ratio of 7.86, a PEG ratio of 2.11 and a beta of 0.03. The company has a quick ratio of 2.61, a current ratio of 3.50 and a debt-to-equity ratio of 16.51.

Frontier Developments (LON:FDEV) last released 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, research analysts anticipate that Frontier Developments will post 7.09 earnings per share for the current fiscal year.

Insider Transactions at Frontier Developments

In other Frontier Developments news, insider Alex Bevis sold 50,000 shares of the business’s stock in a transaction on 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 owned by corporate insiders.

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.