Frontier Developments (LON:FDEV) Price Target Raised to GBX 550 at Berenberg Bank

Key Points

• Berenberg Bank has raised its price target for Frontier Developments (LON:FDEV) from GBX 450 to GBX 550, indicating a potential upside of 17.15% from its previous close.
• Frontier Developments has received a consensus rating of "Moderate Buy" from analysts, with two firms rating it as "Buy" and one as "Hold."
• Insider David John Braben sold 44,407 shares at an average price of GBX 463, contributing to significant insider transactions in the last ninety days.

Frontier Developments (LON:FDEV - Get Free Report) had its price objective hoisted by equities researchers at Berenberg Bank from GBX 450 to GBX 550 in a report released on Wednesday, Marketbeat Ratings reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's price objective would indicate a potential upside of 17.15% from the stock's previous close.

A number of other brokerages have also recently issued reports on FDEV. Shore Capital reissued a "buy" rating on shares of Frontier Developments in a research note on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft lifted their price target on Frontier Developments from GBX 310 to GBX 390 and gave the company a "hold" rating in a research note on Friday, September 12th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Frontier Developments currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 470.

Frontier Developments Price Performance

Shares of FDEV stock traded up GBX 0.50 during trading on Wednesday, hitting GBX 469.50. The company had a trading volume of 106,735 shares, compared to its average volume of 95,298. The firm has a market capitalization of £171.55 million, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. Frontier Developments has a one year low of GBX 175.60 and a one year high of GBX 483.50. The company has a debt-to-equity ratio of 27.70, a quick ratio of 2.61 and a current ratio of 2.93. The stock's 50-day moving average price is GBX 408.29 and its 200 day moving average price is GBX 321.02.

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

Insider Buying and Selling

In related news, insider David John Braben sold 44,407 shares of Frontier Developments stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of GBX 463, for a total transaction of £205,604.41. In the last ninety days, insiders bought 91,807 shares of company stock valued at $38,126,744 and sold 645,758 shares valued at $257,459,486. Corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.