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 note released on Tuesday morning, Marketbeat.com reports. They currently have GBX 330 ($4.22) target price on the stock, up from their previous target price of GBX 300 ($3.83).

A number of other equities research analysts have also recently weighed in on FDEV. Jefferies Financial Group reiterated a hold rating on shares of Frontier Developments in a research report on Wednesday, June 12th. Shore Capital restated a buy rating on shares of Frontier Developments in a report on Tuesday, May 7th.

Frontier Developments Price Performance

Shares of FDEV stock opened at GBX 292.50 ($3.74) on Tuesday. The firm’s 50-day moving average is GBX 258.80 and its two-hundred day moving average is GBX 209.81. Frontier Developments has a 12 month low of GBX 95 ($1.21) and a 12 month high of GBX 468.50 ($5.99). 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 company has a market capitalization of £115.30 million, a PE ratio of -186.31, a price-to-earnings-growth 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.