Frontier Developments (LON:FDEV) Price Target Raised to GBX 390

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 objective boosted by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 310 to GBX 390 in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage presently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's target price indicates a potential downside of 3.94% from the stock's current price.

A number of other brokerages have also commented on FDEV. Shore Capital restated a "buy" rating on shares of Frontier Developments in a report on Wednesday, September 10th. Berenberg Bank lifted their price objective on shares of Frontier Developments from GBX 330 to GBX 450 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 420.

Frontier Developments Price Performance

Shares of LON FDEV traded down GBX 2 during mid-day trading on Friday, hitting GBX 406. 125,987 shares of the stock were exchanged, compared to its average volume of 85,845. The company has a market cap of £151.60 million, a P/E ratio of 985.44, a PEG ratio of 2.11 and a beta of 0.03. The stock's fifty day simple moving average is GBX 372.84 and its two-hundred day simple moving average is GBX 280.20. The company has a debt-to-equity ratio of 27.70, a quick ratio of 2.61 and a current ratio of 2.93. Frontier Developments has a twelve month low of GBX 175.60 and a twelve month high of GBX 417.53.

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

Insider Activity at Frontier Developments

In related news, insider David John Braben sold 28,400 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of GBX 361, for a total transaction of £102,524. In the last ninety days, insiders have sold 461,053 shares of company stock valued at $171,859,123. 37.66% of the stock is currently owned by insiders.

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.