Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Frontier Developments (LON:FDEV) Stock Price

Key Points

• Deutsche Bank Aktiengesellschaft has raised its price target for Frontier Developments (LON:FDEV) from GBX 310 to GBX 390, indicating a potential upside of 1.58% with a current "hold" rating.
• Other analysts, such as Berenberg Bank, have set higher targets, boosting their price objective from GBX 330 to GBX 450, while the consensus rating is a "Moderate Buy" with an average target of GBX 420.
• Despite insider selling, with one executive offloading 28,400 shares, Frontier Developments continues to showcase robust financial metrics, including a 12-month high stock price of GBX 397.

Frontier Developments (LON:FDEV - Get Free Report) had its price target boosted by research analysts at Deutsche Bank Aktiengesellschaft from GBX 310 to GBX 390 in a report issued on Friday,Digital Look reports. The firm presently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's target price indicates a potential upside of 1.58% from the stock's current price.

Other research analysts have also issued research reports about the company. Berenberg Bank boosted their price objective on Frontier Developments from GBX 330 to GBX 450 and gave the stock a "buy" rating in a report on Wednesday. Shore Capital reissued a "buy" rating on shares of Frontier Developments in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 420.

Frontier Developments Stock Up 1.0%

Shares of LON FDEV opened at GBX 383.95 on Friday. Frontier Developments has a 12 month low of GBX 175.60 and a 12 month high of GBX 397. The company has a current ratio of 2.93, a quick ratio of 2.61 and a debt-to-equity ratio of 27.70. The firm has a market capitalization of £143.36 million, a price-to-earnings ratio of 931.92, a PEG ratio of 2.11 and a beta of 0.03. The business has a 50-day moving average of GBX 369.14 and a 200-day moving average of GBX 275.27.

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

Insider Buying and Selling

In related news, insider David John Braben sold 28,400 shares of Frontier Developments stock in a transaction on Friday, July 25th. The shares were sold at an average price of GBX 361, for a total value of £102,524. In the last 90 days, insiders have sold 452,203 shares of company stock valued at $168,425,323. 37.66% of the stock is owned by company insiders.

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.

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