Frontier Developments (LON:FDEV) Given Buy Rating at Shore Capital Group

Frontier Developments (LON:FDEV)‘s stock had its “buy” rating reaffirmed by analysts at Shore Capital Group in a note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 650 price target on the stock. Shore Capital Group’s target price would indicate a potential upside of 39.27% from the stock’s previous close.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 600 price target on shares of Frontier Developments in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 618.75.

Frontier Developments Stock Down 0.1%

Frontier Developments stock opened at GBX 466.73 on Wednesday. Frontier Developments has a fifty-two week low of GBX 286.98 and a fifty-two week high of GBX 588.56. The firm has a market capitalization of £162.11 million, a PE ratio of 9.37, a P/E/G ratio of 2.11 and a beta of 0.03. The company’s 50-day moving average is GBX 378.93 and its 200-day moving average is GBX 422.66. The company has a debt-to-equity ratio of 19.71, a current ratio of 2.83 and a quick ratio of 2.61.

Insider Activity

In other Frontier Developments news, insider David John Braben sold 93,070 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of GBX 378, for a total transaction of £351,804.60. In the last quarter, insiders have sold 293,570 shares of company stock worth $109,642,960. Corporate insiders own 37.96% of the company’s stock.

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.