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

Berenberg Bank upgraded shares of Frontier Developments (LON:FDEV) to a buy rating in a research report report published on Tuesday, Marketbeat Ratings reports. Berenberg Bank currently has GBX 330 ($4.22) price objective on the stock, up from their prior price objective of GBX 300 ($3.83).

Several other brokerages have also commented on FDEV. Shore Capital reissued a buy rating on shares of Frontier Developments in a research report on Tuesday, May 7th. Jefferies Financial Group reissued a hold rating on shares of Frontier Developments in a research report on Wednesday, June 12th.

Frontier Developments Price Performance

LON FDEV traded up GBX 13.50 ($0.17) on Tuesday, reaching GBX 306 ($3.91). 93,388 shares of the company’s stock traded hands, compared to its average volume of 197,825. Frontier Developments has a 12 month low of GBX 95 ($1.21) and a 12 month high of GBX 455.50 ($5.82). The company has a debt-to-equity ratio of 29.58, a current ratio of 2.13 and a quick ratio of 2.61. The stock has a 50-day simple moving average of GBX 259.45 and a 200 day simple moving average of GBX 210.38. The stock has a market cap of £120.63 million, a PE ratio of -194.90, a P/E/G ratio of 2.11 and a beta of 0.02.

Frontier Developments Company Profile

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.