Peel Hunt Forecasts Strong Price Appreciation for Frontier Developments (LON:FDEV) Stock

Frontier Developments (LON:FDEV) had its target price hoisted by investment analysts at Peel Hunt from GBX 446 to GBX 620 in a report issued on Friday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s price target suggests a potential upside of 9.75% from the company’s current price.

Several other brokerages have also recently commented on FDEV. Shore Capital reissued a “buy” rating on shares of Frontier Developments in a research report on Thursday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Frontier Developments from GBX 310 to GBX 390 and gave the company a “hold” rating in a report on Friday, September 12th. Finally, Berenberg Bank lifted their target price on Frontier Developments from GBX 450 to GBX 550 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 520.

Frontier Developments Trading Up 0.3%

Frontier Developments stock traded up GBX 1.90 during trading hours on Friday, reaching GBX 564.90. 145,657 shares of the company’s stock traded hands, compared to its average volume of 103,541. Frontier Developments has a fifty-two week low of GBX 175.60 and a fifty-two week high of GBX 588.56. The firm’s 50 day moving average is GBX 439.99 and its 200-day moving average is GBX 346.42. 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 market capitalization of £204.28 million, a price-to-earnings ratio of 13.88, a PEG ratio of 2.11 and a beta of 0.03.

Frontier Developments (LON:FDEV) last issued its quarterly earnings data on Wednesday, September 10th. The company reported GBX 42.40 earnings per share (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, analysts predict that Frontier Developments will post 7.0917759 earnings per share for the current year.

Insider Transactions at Frontier Developments

In other Frontier Developments news, insider David John Braben sold 44,407 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of GBX 463, for a total value of £205,604.41. Over the last quarter, insiders have purchased 91,807 shares of company stock valued at $38,126,744 and have sold 517,308 shares valued at $209,995,636. 37.81% 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.