Frontier Developments’ (FDEV) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft

Frontier Developments (LON:FDEV)‘s stock had its “hold” rating reiterated by analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Thursday, Digital Look reports. They presently have a GBX 300 ($3.92) price objective on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 27.12% from the company’s previous close.

FDEV has been the topic of several other reports. Shore Capital reaffirmed a “buy” rating on shares of Frontier Developments in a report on Wednesday. Jefferies Financial Group reaffirmed a “hold” rating on shares of Frontier Developments in a research note on Wednesday, June 12th. Finally, Berenberg Bank raised shares of Frontier Developments to a “buy” rating and lifted their price objective for the stock from GBX 300 ($3.92) to GBX 330 ($4.32) in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Frontier Developments has a consensus rating of “Hold” and an average target price of GBX 250 ($3.27).

Frontier Developments Price Performance

LON:FDEV opened at GBX 236 ($3.09) on Thursday. The business’s 50-day moving average is GBX 262.87 and its 200 day moving average is GBX 232.25. 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 market capitalization of £93.03 million, a P/E ratio of -421.43, a P/E/G ratio of 2.11 and a beta of 0.04. The company has a current ratio of 2.13, a quick ratio of 2.61 and a debt-to-equity ratio of 29.58.

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.