Frontier Developments (LON:FDEV) Receives “Buy” Rating from Shore Capital

Frontier Developments (LON:FDEV)‘s stock had its “buy” rating reissued by equities research analysts at Shore Capital in a report issued on Wednesday, Digital Look reports.

Several other analysts also recently commented on the company. Jefferies Financial Group reaffirmed a “hold” rating on shares of Frontier Developments in a research note on Wednesday, June 12th. Berenberg Bank raised Frontier Developments to a “buy” rating and raised their price objective for the stock from GBX 300 ($3.92) to GBX 330 ($4.32) in a research note on Tuesday, August 6th.

Frontier Developments Stock Performance

Shares of Frontier Developments stock opened at GBX 238.74 ($3.12) on Wednesday. The company has a market capitalization of £94.11 million, a PE ratio of -153.85, a PEG ratio of 2.11 and a beta of 0.02. Frontier Developments has a 12 month low of GBX 95 ($1.24) and a 12 month high of GBX 336.31 ($4.40). The company has a current ratio of 2.13, a quick ratio of 2.61 and a debt-to-equity ratio of 29.58. The stock’s fifty day simple moving average is GBX 263.40 and its 200 day simple moving average is GBX 232.31.

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.