Frontier Developments (LON:FDEV) Sets New 12-Month High - Time to Buy?

Key Points

• Frontier Developments shares hit a new 52-week high, reaching GBX 659 before closing at GBX 643, up from the prior close of GBX 633.
• Analyst sentiment remains positive: four analysts rate the stock a Buy, with a consensus target price of GBX 618.75; Shore Capital recently upgraded it with a GBX 650 target.
• The company reported GBX 74.60 quarterly EPS, a 26.03% net margin and 27.12% return on equity. However, insider Alex Bevis sold 50,000 shares for £258,000, while insiders collectively own 39.02% of the company.

Shares of Frontier Developments plc (LON:FDEV - Get Free Report) reached a new 52-week high on Tuesday. The company traded as high as GBX 659 and last traded at GBX 643, with a volume of 264,153 shares traded. The stock had previously closed at GBX 633.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FDEV shares. Berenberg Bank reiterated a "buy" rating and set a GBX 600 target price on shares of Frontier Developments in a research report on Wednesday, September 9th. Shore Capital Group upgraded shares of Frontier Developments to a "buy" rating and set a GBX 650 price target on the stock in a report on Wednesday, September 9th. Four analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of GBX 618.75.

Frontier Developments Price Performance

The firm has a market capitalization of £217.71 million, a P/E ratio of 9.19, a P/E/G ratio of 2.11 and a beta of 0.03. The stock's fifty day simple moving average is GBX 506.65 and its 200 day simple moving average is GBX 437.21. The company has a debt-to-equity ratio of 16.51, a current ratio of 3.50 and a quick ratio of 2.61.

Frontier Developments (LON:FDEV - Get Free Report) last posted its earnings results on Wednesday, September 9th. The company reported GBX 74.60 EPS for the quarter. Frontier Developments had a net margin of 26.03% and a return on equity of 27.12%. On average, equities research analysts predict that Frontier Developments plc will post 7.09 EPS for the current year.

Insider Buying and Selling at Frontier Developments

In other Frontier Developments news, insider Alex Bevis sold 50,000 shares of the business's stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of GBX 516, for a total transaction of £258,000. 39.02% 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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