Berenberg Bank Forecasts Strong Price Appreciation for Frontier Developments (LON:FDEV) Stock

Frontier Developments (LON:FDEV) had its price objective lifted by stock analysts at Berenberg Bank from GBX 330 to GBX 450 in a research report issued on Wednesday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 18.42% from the stock’s current price.

Separately, Shore Capital reissued a “buy” rating on shares of Frontier Developments in a report on Wednesday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Frontier Developments presently has a consensus rating of “Buy” and an average price target of GBX 450.

Frontier Developments Trading Down 1.3%

FDEV opened at GBX 380 on Wednesday. The stock has a market capitalization of £141.89 million, a PE ratio of 922.33, a P/E/G ratio of 2.11 and a beta of 0.03. The firm’s fifty day moving average price is GBX 369.14 and its 200 day moving average price is GBX 275.27. The company has a debt-to-equity ratio of 27.70, a current ratio of 2.93 and a quick ratio of 2.61. Frontier Developments has a 12-month low of GBX 175.60 and a 12-month high of GBX 397.

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

Insider Buying and Selling at Frontier Developments

In related news, insider David John Braben sold 8,605 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of GBX 377, for a total value of £32,440.85. Over the last 90 days, insiders have sold 444,560 shares of company stock valued at $165,459,839. 37.66% of the stock is owned by company 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.