Frontier Developments (LON:FDEV) Upgraded by Berenberg Bank to Buy

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

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

Frontier Developments Trading Up 4.9 %

FDEV stock opened at GBX 289 ($3.69) on Tuesday. 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 market capitalization of £113.92 million, a price-to-earnings ratio of -183.44, a P/E/G ratio of 2.11 and a beta of 0.02. The business has a fifty day moving average price of GBX 257.78 and a 200 day moving average price of GBX 208.25. 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).

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.