Frontier Developments (LON:FDEV) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

Frontier Developments (LON:FDEV) was upgraded by Deutsche Bank Aktiengesellschaft to a “buy” rating in a report issued on Wednesday, MarketBeat reports. The brokerage currently has a GBX 605 price target on the stock, up from their previous price target of GBX 580. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 15.89% from the company’s current price.

FDEV has been the topic of several other research reports. Shore Capital restated a “buy” rating on shares of Frontier Developments in a research note on Thursday, November 6th. Berenberg Bank increased their price objective on Frontier Developments from GBX 550 to GBX 600 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, Peel Hunt raised their target price on Frontier Developments from GBX 446 to GBX 620 and gave the company a “buy” rating in a research report on Friday, November 7th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Frontier Developments currently has a consensus rating of “Buy” and an average price target of GBX 608.33.

Frontier Developments Stock Performance

Shares of FDEV opened at GBX 522.03 on Wednesday. Frontier Developments has a 1 year low of GBX 176.40 and a 1 year high of GBX 588.56. The company has a market cap of £188.78 million, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. 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 firm has a fifty day moving average of GBX 494.70 and a 200-day moving average of GBX 435.81.

Frontier Developments (LON:FDEV) last released its quarterly earnings data on Wednesday, January 14th. The company reported GBX 21.40 earnings per share 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, equities analysts anticipate that Frontier Developments will post 7.0917759 earnings per share for the current year.

Insider Transactions at Frontier Developments

In other news, insider David John Walsh purchased 3,500 shares of the stock in a transaction dated Thursday, November 13th. The shares were bought at an average cost of GBX 543 per share, for a total transaction of £19,005. Insiders own 37.83% of the company’s stock.

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.