Frontier Developments plc (LON:FDEV – Get Free Report)’s stock price hit a new 52-week high on Monday after an insider bought additional shares in the company. The company traded as high as GBX 462.65 ($6.22) and last traded at GBX 448.28 ($6.03), with a volume of 377484 shares. The stock had previously closed at GBX 427.39 ($5.75).
Specifically, insider David John Braben bought 33,705 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The shares were acquired at an average cost of GBX 428 per share, for a total transaction of £144,257.40. Also, insider David John Braben bought 25,330 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were bought at an average cost of GBX 418 per share, for a total transaction of £105,879.40.
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Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on FDEV. Shore Capital reiterated a “buy” rating on shares of Frontier Developments in a research report on Wednesday, September 10th. Berenberg Bank upped their price objective on shares of Frontier Developments from GBX 330 to GBX 450 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Frontier Developments from GBX 310 to GBX 390 and gave the stock a “hold” rating in a research report on Friday, September 12th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 420.
Get Our Latest Analysis on Frontier Developments
Frontier Developments Stock Up 2.1%
The firm has a 50-day moving average of GBX 384.35 and a two-hundred day moving average of GBX 295.97. The stock has a market capitalization of £171.01 million, a price-to-earnings ratio of 1,111.65, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The company has a quick ratio of 2.61, a current ratio of 2.93 and a debt-to-equity ratio of 27.70.
Frontier Developments (LON:FDEV – Get Free Report) last released its earnings results on Wednesday, September 10th. The company reported GBX 42.40 earnings per share for the quarter. Frontier Developments had a negative return on equity of 30.43% and a negative net margin of 24.05%. As a group, sell-side analysts anticipate that Frontier Developments plc will post 7.0917759 earnings per share for the current year.
Frontier Developments Company Profile
(Get Free Report)
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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