Frontier Developments (LON:FDEV) Lifted to “Buy” at Berenberg Bank

Berenberg Bank upgraded shares of Frontier Developments (LON:FDEV) to a buy rating in a research report sent to investors on Tuesday morning, Digital Look reports. Berenberg Bank currently has GBX 330 ($4.22) price objective on the stock, up from their previous price objective of GBX 300 ($3.83).

Several other research firms also recently commented on FDEV. Jefferies Financial Group restated a hold rating on shares of Frontier Developments in a report on Wednesday, June 12th. Shore Capital restated a buy rating on shares of Frontier Developments in a research note on Tuesday, May 7th.

Frontier Developments Trading Up 4.9 %

LON FDEV opened at GBX 289 ($3.69) on Tuesday. The stock has a market cap of £113.92 million, a PE ratio of -184.08, a PEG ratio of 2.11 and a beta of 0.02. The company’s 50-day moving average price is GBX 257.95 and its 200-day moving average price is GBX 209.20. Frontier Developments has a 12 month low of GBX 95 ($1.21) and a 12 month high of GBX 488.36 ($6.24). 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.