Frontier Developments (LON:FDEV) Hits New 52-Week High - Time to Buy?

Key Points

• Frontier Developments shares reached a new 52-week high of GBX 473, closing at GBX 464, amidst a trading volume of 251,193 shares.
• Analysts have mixed opinions on the stock, with Deutsche Bank raising the target price to GBX 390 (hold) and Berenberg Bank increasing it to GBX 450 (buy), resulting in a consensus target price of GBX 420.
• Insider trading activity has been significant, with insiders selling 676,780 shares worth approximately £265 million while acquiring 91,807 shares valued at around £38 million over the past three months.

Frontier Developments plc (LON:FDEV - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as GBX 473 ($6.38) and last traded at GBX 464 ($6.26), with a volume of 251193 shares. The stock had previously closed at GBX 459.85 ($6.20).

Analyst Upgrades and Downgrades

FDEV has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Frontier Developments from GBX 310 to GBX 390 and gave the stock a "hold" rating in a research report on Friday, September 12th. Berenberg Bank increased their target price on Frontier Developments from GBX 330 to GBX 450 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Finally, Shore Capital reaffirmed a "buy" rating on shares of Frontier Developments in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 420.

Frontier Developments Price Performance

The stock has a market capitalization of £169.54 million, a P/E ratio of 1,140.05, a PEG ratio of 2.11 and a beta of 0.03. The company's 50 day simple moving average is GBX 392.23 and its two-hundred day simple moving average is GBX 303.55. The company has a debt-to-equity ratio of 27.70, a current ratio of 2.93 and a quick ratio of 2.61.

Frontier Developments (LON:FDEV - Get Free Report) last announced its earnings results 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%. As a group, equities analysts expect that Frontier Developments plc will post 7.0917759 EPS for the current fiscal year.

Insider Activity at Frontier Developments

In other Frontier Developments news, insider David John Braben sold 44,407 shares of the stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of GBX 463, for a total value of £205,604.41. In the last three months, insiders have acquired 91,807 shares of company stock worth $38,126,744 and have sold 676,780 shares worth $265,015,990. Insiders own 37.76% 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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