Frontier Developments (LON:FDEV) Given “Hold” Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their hold rating on shares of Frontier Developments (LON:FDEV) in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a GBX 300 ($3.92) price target on the stock.

A number of other analysts have also recently weighed in on the company. Shore Capital reiterated a buy rating on shares of Frontier Developments in a research report on Wednesday, September 11th. Jefferies Financial Group reissued a hold rating on shares of Frontier Developments in a report on Wednesday, June 12th. Finally, Berenberg Bank raised Frontier Developments to a buy rating and lifted their target price for the company from GBX 300 ($3.92) to GBX 330 ($4.32) in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and an average target price of GBX 250 ($3.27).

Frontier Developments Stock Up 6.9 %

Shares of LON:FDEV opened at GBX 246.50 ($3.22) on Thursday. Frontier Developments has a 1-year low of GBX 95 ($1.24) and a 1-year high of GBX 336.31 ($4.40). The company’s fifty day moving average is GBX 262.72 and its two-hundred day moving average is GBX 234.79. The company has a debt-to-equity ratio of 29.58, a quick ratio of 2.61 and a current ratio of 2.13. The stock has a market capitalization of £97.17 million, a price-to-earnings ratio of -440.18, a price-to-earnings-growth ratio of 2.11 and a beta of 0.04.

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.