Frontier Developments (LON:FDEV) Stock Rating Reaffirmed by Citigroup

Frontier Developments (LON:FDEV)‘s stock had its “buy” rating restated by equities researchers at Citigroup in a note issued to investors on Friday, PriceTargets.com reports. They currently have a GBX 2,635 ($35.77) price target on the stock. Citigroup’s target price would suggest a potential upside of 95.77% from the company’s previous close.

Several other research firms have also recently issued reports on FDEV. Shore Capital reissued a “buy” rating on shares of Frontier Developments in a research note on Wednesday. Peel Hunt reissued a “buy” rating and issued a GBX 3,418 ($46.40) price target on shares of Frontier Developments in a research note on Wednesday, November 10th. Peel Hunt reissued a “buy” rating and issued a GBX 3,418 ($46.40) price target on shares of Frontier Developments in a research note on Wednesday, November 10th. Berenberg Bank reissued a “buy” rating and issued a GBX 2,500 ($33.94) price target on shares of Frontier Developments in a research note on Thursday, December 2nd. Finally, Liberum Capital reissued a “buy” rating on shares of Frontier Developments in a research note on Monday, December 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Frontier Developments presently has a consensus rating of “Buy” and a consensus price target of GBX 2,989.43 ($40.58).

Shares of FDEV opened at GBX 1,346 ($18.27) on Friday. The company has a market cap of £530.22 million and a P/E ratio of 25.25. The stock has a fifty day moving average price of GBX 1,899.20 and a 200 day moving average price of GBX 2,296.32. The company has a debt-to-equity ratio of 19.58, a current ratio of 3.41 and a quick ratio of 3.22. Frontier Developments has a 12 month low of GBX 1,286 ($17.46) and a 12 month high of GBX 3,470 ($47.10).

In other news, insider Charles Cotton acquired 3,750 shares of the business’s stock in a transaction dated Friday, October 22nd. The stock was acquired at an average price of GBX 2,667 ($36.20) per share, for a total transaction of £100,012.50 ($135,757.43).

Frontier Developments Company Profile

Frontier Developments plc develops and publishes video games for personal computers and videogame consoles in the United Kingdom. It develops games across various platforms using its cross platform technology. The company was founded in 1994 and is headquartered in Cambridge, the United Kingdom.

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Analyst Recommendations for Frontier Developments (LON:FDEV)

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