Berenberg Bank Boosts Frontier Developments (LON:FDEV) Price Target to GBX 550

Frontier Developments (LON:FDEV) had its price target boosted by Berenberg Bank from GBX 450 to GBX 550 in a research note issued on Wednesday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 17.66% from the company’s previous close.

Several other equities analysts have also commented on FDEV. Deutsche Bank Aktiengesellschaft raised their price objective on Frontier Developments from GBX 310 to GBX 390 and gave the company a “hold” rating in a research report on Friday, September 12th. Shore Capital restated a “buy” rating on shares of Frontier Developments in a report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 470.

Frontier Developments Stock Performance

Shares of Frontier Developments stock opened at GBX 467.46 on Wednesday. The company has a current ratio of 2.93, a quick ratio of 2.61 and a debt-to-equity ratio of 27.70. The firm has a market capitalization of £170.80 million, a P/E ratio of 11.49, a P/E/G ratio of 2.11 and a beta of 0.03. The business has a fifty day simple moving average of GBX 410.17 and a two-hundred day simple moving average of GBX 322.88. Frontier Developments has a 12 month low of GBX 175.60 and a 12 month high of GBX 483.50.

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 return on equity of 30.43% and a negative net margin of 24.05%. On average, equities analysts forecast that Frontier Developments will post 7.0917759 earnings per share for the current fiscal year.

Insider Buying and Selling at Frontier Developments

In other news, insider David John Braben sold 44,407 shares of Frontier Developments stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of GBX 463, for a total transaction of £205,604.41. Over the last 90 days, insiders bought 91,807 shares of company stock worth $38,126,744 and sold 617,358 shares worth $247,207,086. 37.76% 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.