Frontier Developments (LON:FDEV) Insider Alex Bevis Sells 5,084 Shares of Stock

Frontier Developments plc (LON:FDEV) insider Alex Bevis sold 5,084 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of GBX 404, for a total value of £20,539.36.

Frontier Developments Stock Down 1.4%

FDEV stock opened at GBX 398.75 on Wednesday. The stock’s 50 day simple moving average is GBX 396.96 and its 200 day simple moving average is GBX 416.87. Frontier Developments plc has a fifty-two week low of GBX 291 and a fifty-two week high of GBX 588.56. The company has a debt-to-equity ratio of 19.71, a quick ratio of 2.61 and a current ratio of 2.83. The company has a market cap of £138.50 million, a P/E ratio of 8.01, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FDEV. Shore Capital Group reaffirmed a “buy” rating and set a GBX 650 target price on shares of Frontier Developments in a research report on Wednesday, June 10th. Berenberg Bank restated a “buy” rating and set a GBX 600 price objective on shares of Frontier Developments in a report on Wednesday, June 10th. Four research 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 target price of GBX 618.75.

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.