Frontier Developments (LON:FDEV) Price Target Raised to GBX 600

Frontier Developments (LON:FDEV) had its price target lifted by Berenberg Bank from GBX 550 to GBX 600 in a research report report published on Thursday, Marketbeat.com reports. The firm currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Frontier Developments from GBX 310 to GBX 390 and gave the stock a “hold” rating in a report on Friday, September 12th. Peel Hunt raised their price target on Frontier Developments from GBX 446 to GBX 620 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Frontier Developments in a research note on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Frontier Developments presently has an average rating of “Moderate Buy” and a consensus target price of GBX 536.67.

Frontier Developments Trading Up 0.2%

Shares of FDEV stock opened at GBX 534 on Thursday. Frontier Developments has a fifty-two week low of GBX 175.60 and a fifty-two week high of GBX 588.56. The company has a debt-to-equity ratio of 27.70, a quick ratio of 2.61 and a current ratio of 2.93. The stock has a 50 day simple moving average of GBX 462.01 and a two-hundred day simple moving average of GBX 362.63. The company has a market cap of £193.11 million, a P/E ratio of 13.12, a PEG ratio of 2.11 and a beta of 0.03.

Frontier Developments (LON:FDEV) last announced its quarterly earnings data on Wednesday, September 10th. The company reported GBX 42.40 EPS for the quarter. Frontier Developments had a negative net margin of 24.05% and a negative return on equity of 30.43%. Research analysts forecast that Frontier Developments will post 7.0917759 earnings per share for the current year.

Insider Activity at Frontier Developments

In other Frontier Developments news, insider David John Braben sold 44,407 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of GBX 463, for a total transaction of £205,604.41. Over the last ninety days, insiders have purchased 96,807 shares of company stock valued at $40,832,744 and have sold 450,058 shares valued at $184,492,636. 37.81% of the stock is owned by 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.