Frontier Developments (LON:FDEV) Receives Buy Rating from Berenberg Bank

Frontier Developments (LON:FDEV)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a report released on Wednesday, Marketbeat.com reports. They currently have a GBX 330 ($4.32) target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 43.17% from the company’s previous close.

A number of other analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 300 ($3.92) price target on shares of Frontier Developments in a research report on Thursday. Shore Capital restated a “buy” rating on shares of Frontier Developments in a research note on Wednesday. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Frontier Developments in a research note on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Frontier Developments has an average rating of “Hold” and an average target price of GBX 250 ($3.27).

Frontier Developments Trading Up 0.2 %

LON:FDEV opened at GBX 230.50 ($3.01) on Wednesday. Frontier Developments has a 52 week low of GBX 95 ($1.24) and a 52 week high of GBX 336.31 ($4.40). The firm has a 50-day moving average price of GBX 262.55 and a two-hundred day moving average price of GBX 232.24. The company has a debt-to-equity ratio of 29.58, a quick ratio of 2.61 and a current ratio of 2.13. The firm has a market cap of £90.86 million, a price-to-earnings ratio of -411.61, a price-to-earnings-growth ratio of 2.11 and a beta of 0.04.

About Frontier Developments

Frontier Developments plc develops and publishes video games for interactive entertainment sector. The company develops games using its cross-platform technology, Cobra. It also publishes games developed by selected partner studios under its Frontier Foundry games label. The company was incorporated in 1994 and is headquartered in Cambridge, the United Kingdom.