Frontier Developments (LON:FDEV) Sets New 12-Month High – Time to Buy?

Shares of Frontier Developments plc (LON:FDEV) reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as GBX 659 and last traded at GBX 643, with a volume of 264,153 shares traded. The stock had previously closed at GBX 633.

Wall Street Analysts Forecast Growth

FDEV has been the topic of a number of analyst reports. Shore Capital Group upgraded Frontier Developments to a “buy” rating and set a GBX 650 target price on the stock in a research report on Wednesday, September 9th. Berenberg Bank reissued a “buy” rating and issued a GBX 600 price objective on shares of Frontier Developments in a report on Wednesday, September 9th. Four investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 618.75.

Frontier Developments Price Performance

The company has a quick ratio of 2.61, a current ratio of 3.50 and a debt-to-equity ratio of 16.51. The stock has a market capitalization of £217.71 million, a PE ratio of 9.19, a PEG ratio of 2.11 and a beta of 0.03. The company has a 50-day moving average of GBX 506.65 and a 200 day moving average of GBX 437.21.

Frontier Developments (LON:FDEV) last announced its quarterly earnings data on Wednesday, September 9th. The company reported GBX 74.60 earnings per share for the quarter. Frontier Developments had a return on equity of 27.12% and a net margin of 26.03%. Sell-side analysts predict that Frontier Developments plc will post 7.09 EPS for the current year.

Insider Activity at Frontier Developments

In other news, insider Alex Bevis sold 50,000 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of GBX 516, for a total value of £258,000. 39.02% of the stock is owned by company insiders.

Frontier Developments Company Profile

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.