Frontier Developments (LON:FDEV – Get Free Report)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a research note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 600 price objective on the stock. Berenberg Bank’s price objective points to a potential upside of 28.56% from the stock’s previous close.
Frontier Developments Stock Performance
LON:FDEV opened at GBX 466.73 on Wednesday. Frontier Developments has a 1 year low of GBX 286.98 and a 1 year high of GBX 588.56. The firm has a 50 day moving average of GBX 378.93 and a 200-day moving average of GBX 422.66. The company has a current ratio of 2.83, a quick ratio of 2.61 and a debt-to-equity ratio of 19.71. The stock has a market capitalization of £162.11 million, a P/E ratio of 9.37, 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 David John Braben sold 93,070 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of GBX 378, for a total value of £351,804.60. Insiders have sold a total of 293,570 shares of company stock valued at $109,642,960 over the last three months. Company 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.
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