Peel Hunt restated their buy rating on shares of Frontier Developments (LON:FDEV) in a research report sent to investors on Monday, ThisIsMoney.Co.Uk reports.
Several other analysts have also weighed in on the stock. Credit Suisse Group lifted their price objective on shares of Frontier Developments from GBX 1,520 ($19.99) to GBX 1,650 ($21.70) and gave the company an outperform rating in a research note on Friday, February 7th. Berenberg Bank reiterated a buy rating on shares of Frontier Developments in a research report on Tuesday, March 3rd. Liberum Capital increased their target price on shares of Frontier Developments from GBX 1,875 ($24.66) to GBX 2,000 ($26.31) and gave the stock a buy rating in a research note on Tuesday, March 10th. Shore Capital restated a buy rating on shares of Frontier Developments in a report on Tuesday, March 10th. Finally, Citigroup reaffirmed a buy rating on shares of Frontier Developments in a research note on Tuesday, February 11th. Seven research analysts have rated the stock with a buy rating, The company has an average rating of Buy and an average target price of GBX 1,623.83 ($21.36).
Shares of FDEV opened at GBX 1,200 ($15.79) on Monday. The firm has a market cap of $468.50 million and a PE ratio of 86.33. Frontier Developments has a 52-week low of GBX 829 ($10.91) and a 52-week high of GBX 1,452 ($19.10). The business’s 50 day moving average price is GBX 1,222.91 and its two-hundred day moving average price is GBX 1,188.83. The company has a debt-to-equity ratio of 31.00, a quick ratio of 3.46 and a current ratio of 3.47.
Frontier Developments Company Profile
Frontier Developments plc develops and publishes video games for the interactive entertainment sector in the United Kingdom and internationally. It develops games across various platforms using its cross platform technology. The company was founded in 1994 and is based in Cambridge, the United Kingdom.
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