Peel Hunt Increases Frontier Developments (LON:FDEV) Price Target to GBX 620

Frontier Developments (LON:FDEV) had its price objective raised by investment analysts at Peel Hunt from GBX 446 to GBX 620 in a note issued to investors on Friday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Peel Hunt’s target price points to a potential upside of 9.75% from the stock’s previous close.

FDEV has been the subject of a number of other research reports. Berenberg Bank upped their price objective on shares of Frontier Developments from GBX 450 to GBX 550 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Frontier Developments from GBX 310 to GBX 390 and gave the company a “hold” rating in a research report on Friday, September 12th. Finally, Shore Capital reiterated a “buy” rating on shares of Frontier Developments in a report on Thursday. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 520.

Frontier Developments Stock Up 0.3%

FDEV opened at GBX 564.90 on Friday. The business’s fifty day simple moving average is GBX 443.80 and its 200 day simple moving average is GBX 350.12. Frontier Developments has a 52 week low of GBX 175.60 and a 52 week high of GBX 588.56. The company has a quick ratio of 2.61, a current ratio of 2.93 and a debt-to-equity ratio of 27.70. The stock has a market cap of £204.28 million, a PE ratio of 13.88, a P/E/G 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 earnings per share for the quarter. Frontier Developments had a negative return on equity of 30.43% and a negative net margin of 24.05%. As a group, research analysts expect that Frontier Developments will post 7.0917759 earnings per share for the current fiscal year.

Insider Activity

In other news, insider David John Braben sold 44,407 shares of the stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of GBX 463, for a total transaction of £205,604.41. In the last 90 days, insiders have bought 91,807 shares of company stock valued at $38,126,744 and have sold 517,308 shares valued at $209,995,636. Insiders own 37.81% of the company’s stock.

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.