Frontier Developments’ (FDEV) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Frontier Developments (LON:FDEV) in a research note published on Wednesday, MarketBeat Ratings reports. The brokerage currently has a GBX 330 ($4.32) price objective on the stock.

FDEV has been the subject of several other reports. Jefferies Financial Group reissued a hold rating on shares of Frontier Developments in a report on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft reissued a hold rating and set a GBX 300 ($3.92) price objective on shares of Frontier Developments in a report on Thursday. Finally, Shore Capital reaffirmed a buy rating on shares of Frontier Developments in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of GBX 250 ($3.27).

Frontier Developments Price Performance

Shares of LON FDEV opened at GBX 246.50 ($3.22) on Wednesday. The stock has a fifty day simple moving average of GBX 262.72 and a two-hundred day simple moving average of GBX 233.11. Frontier Developments has a 1-year low of GBX 95 ($1.24) and a 1-year high of GBX 336.31 ($4.40). The firm has a market cap of £97.17 million, a price-to-earnings ratio of -440.18, a price-to-earnings-growth ratio of 2.11 and a beta of 0.04. The company has a current ratio of 2.13, a quick ratio of 2.61 and a debt-to-equity ratio of 29.58.

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.