Frontier Developments (LON:FDEV) Receives Buy Rating from Berenberg Bank

Frontier Developments (LON:FDEV)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a report issued on Wednesday, Digital Look reports. They currently have a GBX 600 price objective on the stock. Berenberg Bank’s target price points to a potential upside of 24.59% from the company’s current price.

Separately, Shore Capital Group reissued a “buy” rating and issued a GBX 650 target price on shares of Frontier Developments in a report on Wednesday, June 10th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 618.75.

Frontier Developments Trading Up 8.0%

LON FDEV opened at GBX 481.59 on Wednesday. The company has a debt-to-equity ratio of 19.71, a quick ratio of 2.61 and a current ratio of 2.83. Frontier Developments has a one year low of GBX 302 and a one year high of GBX 588.56. The company has a 50-day simple moving average of GBX 431.21 and a 200-day simple moving average of GBX 402.27. The firm has a market capitalization of £167.27 million, a PE ratio of 9.67, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03.

Insider Buying and Selling at Frontier Developments

In related news, insider Alex Bevis sold 5,084 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of GBX 404, for a total transaction of £20,539.36. 38.10% of the stock is currently 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.