Frontier Developments (LON:FDEV) Given “Buy” Rating at Jefferies Financial Group
Jefferies Financial Group restated their buy rating on shares of Frontier Developments (LON:FDEV) in a research report released on Friday morning, Stock Target Advisor reports.
FDEV has been the topic of a number of other research reports. Liberum Capital reiterated a buy rating on shares of Frontier Developments in a research note on Monday, June 8th. Shore Capital reissued a hold rating on shares of Frontier Developments in a report on Monday, June 8th. Credit Suisse Group boosted their target price on Frontier Developments from GBX 2,150 ($26.46) to GBX 2,200 ($27.07) and gave the stock an outperform rating in a report on Tuesday, June 9th. Peel Hunt reissued a buy rating on shares of Frontier Developments in a report on Monday, June 8th. Finally, Berenberg Bank boosted their target price on Frontier Developments from GBX 2,000 ($24.61) to GBX 2,050 ($25.23) and gave the stock a buy rating in a report on Wednesday, May 20th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Frontier Developments has a consensus rating of Buy and a consensus price target of GBX 2,080.75 ($25.61).
Shares of Frontier Developments stock opened at GBX 1,850 ($22.77) on Friday. Frontier Developments has a 12-month low of GBX 829 ($10.20) and a 12-month high of GBX 2,120 ($26.09). The stock has a market cap of $719.87 million and a P/E ratio of 133.09. The company has a quick ratio of 3.46, a current ratio of 3.47 and a debt-to-equity ratio of 31.00. The business’s 50 day moving average is GBX 1,857.16 and its 200-day moving average is GBX 1,433.48.
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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