Frontier Developments (LON:FDEV) Sets New 12-Month High – Here’s What Happened

Frontier Developments plc (LON:FDEV)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 596 and last traded at GBX 592, with a volume of 329173 shares trading hands. The stock had previously closed at GBX 559.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FDEV. Shore Capital Group raised shares of Frontier Developments to a “buy” rating and set a GBX 650 target price on the stock in a report on Wednesday, September 9th. Berenberg Bank restated a “buy” rating and set a GBX 600 price target on shares of Frontier Developments in a research report on Wednesday, September 9th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 618.75.

Frontier Developments Price Performance

The company has a market capitalization of £203.88 million, a PE ratio of 11.79, 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 3.50 and a debt-to-equity ratio of 16.51. The firm’s 50-day moving average is GBX 449.67 and its 200-day moving average is GBX 410.56.

Frontier Developments (LON:FDEV) last released its quarterly earnings results on Wednesday, September 9th. The company reported GBX 74.60 earnings per share for the quarter. Frontier Developments had a return on equity of 27.12% and a net margin of 26.03%. Equities analysts predict that Frontier Developments plc will post 7.0917759 earnings per share for the current fiscal year.

Insider Buying and Selling at Frontier Developments

In related news, insider Alex Bevis sold 50,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of GBX 516, for a total transaction of £258,000. Corporate insiders own 38.10% 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.