Frontier Developments (LON:FDEV) Given Buy Rating at Shore Capital Group

Frontier Developments (LON:FDEV)‘s stock had its “buy” rating reissued by analysts at Shore Capital Group in a report released on Wednesday,Digital Look reports. They presently have a GBX 650 target price on the stock. Shore Capital Group’s target price indicates a potential upside of 39.27% from the company’s previous close.

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 600 price target on shares of Frontier Developments in a report on Wednesday. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 618.75.

Frontier Developments Stock Performance

Shares of Frontier Developments stock opened at GBX 466.73 on Wednesday. The company has a 50 day moving average of GBX 378.93 and a 200-day moving average of GBX 422.66. Frontier Developments has a 1-year low of GBX 286.98 and a 1-year high of GBX 588.56. The company has a current ratio of 2.83, a quick ratio of 2.61 and a debt-to-equity ratio of 19.71. The company has a market cap of £162.11 million, a PE ratio of 9.37, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03.

Insider Buying and Selling at Frontier Developments

In other news, insider David John Braben sold 93,070 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of GBX 378, for a total transaction of £351,804.60. Over the last ninety days, insiders have sold 293,570 shares of company stock worth $109,642,960. Corporate insiders own 37.96% 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.