Frontier Developments (LON:FDEV) Trading Up 22.1% – What’s Next?

Frontier Developments plc (LON:FDEVGet Free Report) shares were up 22.1% during trading on Tuesday . The company traded as high as GBX 415 and last traded at GBX 402.42. Approximately 1,645,998 shares changed hands during mid-day trading, an increase of 917% from the average daily volume of 161,793 shares. The stock had previously closed at GBX 329.50.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft upgraded Frontier Developments to a “buy” rating and upped their price target for the stock from GBX 580 to GBX 605 in a research report on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Frontier Developments currently has an average rating of “Buy” and an average price target of GBX 608.33.

Check Out Our Latest Stock Analysis on FDEV

Frontier Developments Stock Performance

The stock has a market cap of £137.89 million, a P/E ratio of 7.97, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The company has a quick ratio of 2.61, a current ratio of 2.83 and a debt-to-equity ratio of 19.71. The business has a 50 day moving average price of GBX 357.56 and a two-hundred day moving average price of GBX 438.83.

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 dated Wednesday, April 22nd. The stock was sold at an average price of GBX 378, for a total value of £351,804.60. Insiders sold a total of 369,070 shares of company stock valued at $735,396,960 over the last three months. Corporate insiders own 37.78% of the company’s stock.

About Frontier Developments

(Get Free Report)

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.

Further Reading

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