Berenberg Bank Reaffirms “Buy” Rating for Frontier Developments (LON:FDEV)

Frontier Developments (LON:FDEV)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 600 price target on the stock. Berenberg Bank’s price target suggests a potential upside of 28.56% from the company’s current price.

Frontier Developments Stock Performance

Shares of Frontier Developments stock opened at GBX 466.73 on Wednesday. The company has a debt-to-equity ratio of 19.71, a current ratio of 2.83 and a quick ratio of 2.61. The firm has a market cap of £162.11 million, a P/E ratio of 9.37, a P/E/G ratio of 2.11 and a beta of 0.03. The firm has a 50 day simple moving average of GBX 378.93 and a 200 day simple moving average of GBX 422.66. Frontier Developments has a fifty-two week low of GBX 286.98 and a fifty-two week high of GBX 588.56.

Insider Buying and Selling at Frontier Developments

In related news, insider David John Braben sold 93,070 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of GBX 378, for a total value of £351,804.60. Insiders have sold a total of 293,570 shares of company stock valued at $109,642,960 over the last three months. Company insiders own 37.96% 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.