Frontier Developments PLC (LON:FDEV) had its target price boosted by research analysts at Liberum Capital from GBX 850 ($10.98) to GBX 1,250 ($16.14) in a research note issued on Thursday. The brokerage currently has a “buy” rating on the stock. Liberum Capital’s price target suggests a potential downside of 7.41% from the stock’s current price.

Several other brokerages have also issued reports on FDEV. FinnCap raised their target price on shares of Frontier Developments PLC from GBX 690 ($8.91) to GBX 968 ($12.50) and gave the company a “corporate” rating in a research note on Monday, August 21st. Numis Securities Ltd raised shares of Frontier Developments PLC to an “add” rating and raised their target price for the company from GBX 300 ($3.87) to GBX 466 ($6.02) in a research note on Thursday, June 22nd.

Frontier Developments PLC (LON FDEV) traded up 9.09% during mid-day trading on Thursday, hitting GBX 1350.00. 32,419 shares of the company were exchanged. The stock’s market cap 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. The company has a 50 day moving average of GBX 796.35 and a 200 day moving average of GBX 482.15.

Frontier Developments PLC (LON:FDEV) last issued its quarterly earnings data on Thursday, September 7th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates 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, equities research analysts expect that Frontier Developments PLC will post ($19.24) earnings per share for the current fiscal year.

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Frontier Developments PLC Company Profile

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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