Frontier Developments (LON:FDEV) Earns Buy Rating from Shore Capital Group

Frontier Developments (LON:FDEV)‘s stock had its “buy” rating reiterated by stock analysts at Shore Capital Group in a research note issued to investors on Thursday, Digital Look reports. They presently have a GBX 650 target price on the stock. Shore Capital Group’s price objective would suggest a potential upside of 13.75% from the company’s previous close.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 600 target price on shares of Frontier Developments in a report on Wednesday, September 9th. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 618.75.

Frontier Developments Trading Up 3.9%

Shares of LON:FDEV opened at GBX 571.44 on Thursday. The company has a market cap of £193.48 million, a P/E ratio of 8.16, a P/E/G ratio of 2.11 and a beta of 0.03. The stock’s 50-day moving average is GBX 516.02 and its 200-day moving average is GBX 442.32. Frontier Developments has a 52-week low of GBX 302 and a 52-week high of GBX 659. The company has a debt-to-equity ratio of 16.51, a quick ratio of 2.61 and a current ratio of 3.50.

Frontier Developments (LON:FDEV) last posted its quarterly earnings data on Wednesday, September 9th. The company reported GBX 74.60 EPS for the quarter. Frontier Developments had a return on equity of 27.12% and a net margin of 26.03%. Equities research analysts predict that Frontier Developments will post 7.09 earnings per share for the current year.

Insider Transactions at Frontier Developments

In related news, insider Alex Bevis sold 50,000 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of GBX 516, for a total transaction of £258,000. Company insiders own 39.02% 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.