Shore Capital Group Upgrades Frontier Developments (LON:FDEV) to “Buy”

Frontier Developments (LON:FDEV) was upgraded by equities research analysts at Shore Capital Group to a “buy” rating in a note issued to investors on Wednesday, Digital Look reports. The firm presently has a GBX 650 price target on the stock. Shore Capital Group’s price target points to a potential upside of 22.35% from the stock’s current price.

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

Frontier Developments Stock Up 19.1%

Frontier Developments stock opened at GBX 531.25 on Wednesday. Frontier Developments has a 1-year low of GBX 302 and a 1-year high of GBX 588.56. The firm has a market capitalization of £184.52 million, a price-to-earnings ratio of 10.67, a P/E/G ratio of 2.11 and a beta of 0.03. 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 firm has a 50 day simple moving average of GBX 431.21 and a 200 day simple moving average of GBX 402.27.

Frontier Developments (LON:FDEV) last issued its earnings results on Wednesday, September 9th. The company reported GBX 74.60 earnings per share (EPS) for the quarter. Frontier Developments had a net margin of 19.43% and a return on equity of 21.13%. On average, analysts predict that Frontier Developments will post 7.0917759 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Alex Bevis sold 5,084 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of GBX 404, for a total transaction of £20,539.36. 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.