Shore Capital Group Upgrades Frontier Developments (LON:FDEV) to Buy

Frontier Developments (LON:FDEV) was upgraded by Shore Capital Group to a “buy” rating in a report issued on Thursday, Marketbeat.com reports. The firm currently has a GBX 650 target price on the stock. Shore Capital Group‘s price target would indicate a potential upside of 30.00% from the company’s current price.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 600 price objective on shares of Frontier Developments in a research report on Wednesday, September 9th. Three analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 618.33.

Frontier Developments Stock Performance

Shares of FDEV opened at GBX 500 on Thursday. The firm has a fifty day moving average of GBX 546.94 and a 200-day moving average of GBX 442.76. The company has a market cap of £169.29 million, a price-to-earnings ratio of 7.14, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The company has a debt-to-equity ratio of 16.51, a quick ratio of 2.61 and a current ratio of 3.50. Frontier Developments has a 1 year low of GBX 302 and a 1 year high of GBX 659.

Frontier Developments (LON:FDEV) last released its quarterly earnings data on Wednesday, September 9th. The company reported GBX 74.60 earnings per share for the quarter. Frontier Developments had a net margin of 26.03% and a return on equity of 27.12%. As a group, equities analysts anticipate that Frontier Developments will post 7.09 earnings per share for the current 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 dated Thursday, September 10th. The shares were sold at an average price of GBX 516, for a total value of £258,000. 39.02% 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.