Frontier Developments (LON:FDEV) Upgraded by Deutsche Bank Aktiengesellschaft to “Buy” Rating

Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Developments (LON:FDEV) to a buy rating in a research note issued to investors on Wednesday,London Stock Exchange reports. The brokerage currently has GBX 605 price target on the stock, up from their previous price target of GBX 580.

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

Frontier Developments Price Performance

Shares of FDEV stock traded up GBX 37.03 during mid-day trading on Wednesday, hitting GBX 522.03. The company had a trading volume of 364,622 shares, compared to its average volume of 216,169. The company has a debt-to-equity ratio of 27.70, a current ratio of 2.93 and a quick ratio of 2.61. The company has a market capitalization of £188.78 million, a P/E ratio of 12.83, a P/E/G ratio of 2.11 and a beta of 0.03. The stock’s 50 day moving average price is GBX 495.76 and its 200-day moving average price is GBX 435.21. Frontier Developments has a 52-week low of GBX 176.40 and a 52-week high of GBX 588.56.

Frontier Developments (LON:FDEV) last announced its quarterly earnings results on Wednesday, January 14th. The company reported GBX 21.40 EPS for the quarter. Frontier Developments had a negative net margin of 24.05% and a negative return on equity of 30.43%. Equities research analysts forecast that Frontier Developments will post 7.0917759 earnings per share for the current year.

Insider Activity at Frontier Developments

In related news, insider David John Walsh acquired 1,500 shares of Frontier Developments stock in a transaction that occurred on Thursday, November 13th. The shares were purchased at an average cost of GBX 537 per share, for a total transaction of £8,055. Insiders own 37.83% 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.