FinnCap Boosts Frontier Developments PLC (FDEV) Price Target to GBX 1,332
Frontier Developments PLC (LON:FDEV) had its price objective lifted by investment analysts at FinnCap from GBX 968 ($12.50) to GBX 1,332 ($17.20) in a report issued on Thursday. The brokerage currently has a “corporate” rating on the stock. FinnCap’s price target would suggest a potential downside of 1.33% from the company’s current price.
Several other equities research analysts also recently commented on the company. Liberum Capital reissued a “buy” rating and issued a GBX 850 ($10.98) target price on shares of Frontier Developments PLC in a report on Monday, August 21st. Numis Securities Ltd raised Frontier Developments PLC to an “add” rating and boosted their target price for the stock from GBX 300 ($3.87) to GBX 466 ($6.02) in a report on Thursday, June 22nd.
Frontier Developments PLC (LON:FDEV) traded up 9.09% during midday trading on Thursday, reaching GBX 1350.00. The company had a trading volume of 32,419 shares. The company has a 50-day moving average of GBX 796.35 and a 200-day moving average of GBX 482.15. The stock’s market capitalization is GBX 507.82 million. Frontier Developments PLC has a 12-month low of GBX 172.00 and a 12-month high of GBX 1,350.00.
Frontier Developments PLC (LON:FDEV) last released its earnings results on Thursday, September 7th. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.03. Frontier Developments PLC had a return on equity of 29.25% and a net margin of 20.12%. On average, analysts predict that Frontier Developments PLC will post ($19.24) EPS for the current fiscal year.
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About Frontier Developments PLC
Frontier Developments plc is engaged in developing non-game applications and video games for the entertainment sector. The Company’s segments include self-published and external publishers. The self-published segment is engaged in sales of the game and digital in-game. The Company has completed work for external publishers, including Screamride and Tales from Deep Space.
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