Berenberg Bank Upgrades Frontier Developments (LON:FDEV) to “Buy”

Frontier Developments (LON:FDEV) was upgraded by investment analysts at Berenberg Bank to a “buy” rating in a research note issued on Tuesday, Digital Look reports. The firm currently has a GBX 330 ($4.22) price objective on the stock, up from their prior price objective of GBX 300 ($3.83). Berenberg Bank’s target price points to a potential upside of 14.19% from the company’s current price.

Several other analysts have also recently issued reports on FDEV. Shore Capital reaffirmed a “buy” rating on shares of Frontier Developments in a research note on Tuesday, May 7th. Jefferies Financial Group restated a “hold” rating on shares of Frontier Developments in a research report on Wednesday, June 12th.

Frontier Developments Trading Up 4.9 %

Shares of FDEV stock opened at GBX 289 ($3.69) on Tuesday. Frontier Developments has a fifty-two week low of GBX 95 ($1.21) and a fifty-two week high of GBX 488.36 ($6.24). The company has a debt-to-equity ratio of 29.58, a quick ratio of 2.61 and a current ratio of 2.13. The stock’s fifty day moving average is GBX 257.78 and its two-hundred day moving average is GBX 208.25. The firm has a market capitalization of £113.92 million, a P/E ratio of -183.44, a PEG ratio of 2.11 and a beta of 0.02.

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.