Peel Hunt Reaffirms Buy Rating for Frontier Developments (LON:FDEV)
Peel Hunt reaffirmed their buy rating on shares of Frontier Developments (LON:FDEV) in a report released on Monday, ThisIsMoney.Co.Uk reports.
Several other equities research analysts have also weighed in on FDEV. Shore Capital reiterated a buy rating on shares of Frontier Developments in a research note on Tuesday, March 10th. Citigroup reiterated a buy rating on shares of Frontier Developments in a research note on Tuesday, February 11th. Credit Suisse Group increased their price objective on shares of Frontier Developments from GBX 1,520 ($19.99) to GBX 1,650 ($21.70) and gave the stock an outperform rating in a research note on Friday, February 7th. Liberum Capital increased their price objective on shares of Frontier Developments from GBX 1,875 ($24.66) to GBX 2,000 ($26.31) and gave the stock a buy rating in a research note on Tuesday, March 10th. Finally, Berenberg Bank reiterated a buy rating on shares of Frontier Developments in a research note on Tuesday, March 3rd. Seven investment analysts have rated the stock with a buy rating, Frontier Developments presently has a consensus rating of Buy and an average price target of GBX 1,623.83 ($21.36).
FDEV opened at GBX 1,218 ($16.02) on Monday. The firm has a market cap of $473.95 million and a price-to-earnings ratio of 87.63. Frontier Developments has a fifty-two week low of GBX 829 ($10.91) and a fifty-two week high of GBX 1,452 ($19.10). The company’s 50-day moving average price is GBX 1,227.43 and its 200 day moving average price is GBX 1,187.93. The company has a quick ratio of 3.46, a current ratio of 3.47 and a debt-to-equity ratio of 31.00.
Frontier Developments plc develops and publishes video games for the interactive entertainment sector in the United Kingdom and internationally. It develops games across various platforms using its cross platform technology. The company was founded in 1994 and is based in Cambridge, the United Kingdom.
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