Frontier Developments (LON:FDEV) Price Target Raised to GBX 450

Key Points

• Berenberg Bank has raised its price target for Frontier Developments from GBX 330 to GBX 450, indicating a potential upside of 18.19% from the current price.
• Shore Capital has also maintained a "buy" rating on the stock, contributing to an overall investor sentiment of a "Moderate Buy" with an average target price of GBX 375.
• Insider trading activity shows that significant shares have been sold recently, with insiders collectively offloading 444,560 shares valued at approximately £165 million in the last ninety days.

Frontier Developments (LON:FDEV - Free Report) had its target price upped by Berenberg Bank from GBX 330 to GBX 450 in a report published on Wednesday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Separately, Shore Capital reissued a "buy" rating on shares of Frontier Developments in a research report on Wednesday, September 10th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Frontier Developments presently has a consensus rating of "Moderate Buy" and an average price target of GBX 420.

Frontier Developments Stock Up 0.0%

FDEV traded up GBX 0.03 during midday trading on Wednesday, hitting GBX 408.03. The company had a trading volume of 329,386 shares, compared to its average volume of 85,621. Frontier Developments has a 52 week low of GBX 175.60 and a 52 week high of GBX 417.53. The company has a quick ratio of 2.61, a current ratio of 2.93 and a debt-to-equity ratio of 27.70. The company has a market capitalization of £152.36 million, a price-to-earnings ratio of 990.37, a PEG ratio of 2.11 and a beta of 0.03. The stock's 50 day moving average price is GBX 371.63 and its 200 day moving average price is GBX 279.30.

Frontier Developments (LON:FDEV - Get Free Report) last posted its quarterly earnings results on Wednesday, September 10th. The company reported GBX 42.40 earnings per share for the quarter. Frontier Developments had a negative net margin of 24.05% and a negative return on equity of 30.43%. On average, research analysts anticipate that Frontier Developments will post 7.0917759 earnings per share for the current fiscal year.

Insider Transactions at Frontier Developments

In other news, insider David John Braben acquired 8,744 shares of Frontier Developments stock in a transaction on Friday, September 12th. The stock was acquired at an average cost of GBX 384 per share, with a total value of £33,576.96. Over the last ninety days, insiders have sold 461,053 shares of company stock valued at $171,859,123. Corporate insiders own 37.66% of the company's stock.

About Frontier Developments

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.