Frontier Developments (FDEV)

Sector:

Leisure Products

Index:

FTSE AIM 50

1,372.00p
   
  • Change Today:
    -8.00p
  • 52 Week High: 2,840.00p
  • 52 Week Low: 1,078.00p
  • Currency: UK Pounds
  • Shares Issued: 39.42m
  • Volume: 28,304
  • Market Cap: £540.89m
  • RiskGrade: 195

Berenberg hikes target price on Frontier Developments

By Iain Gilbert

Date: Thursday 14 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg hiked their target price on video games developer Frontier Developments from 2,500.0p to 3,500.0p on Thursday after the group delivered another strong trading update a day earlier.
Berenberg highlighted that Frontier Developments' update showed trading across all four of its franchises was ahead of expectations and noted that with Elite Dangerous player numbers at their highest level in history, the release of its Odyssey title later in the year could be a step change for the franchise.

"While Frontier's shares are expensive, its growing portfolio of high-quality, long-lifecycle franchises is worth the premium," said the analysts, who also reiterated their 'buy' rating on the stock.

The German bank also acknowledged that Frontier has tightened full-year 2021 sales guidance to £90.0m-95.0m but added that with the Odyssey console and Lemnis Gate releases added to the 2022 trading year, it saw fit to increase its sales estimates by 4% to £150.0m, ahead of company compiled consensus of £133.0m-153.0m.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FDEV Market Data

Currency UK Pounds
Share Price 1,372.00p
Change Today -8.00p
% Change -0.58 %
52 Week High 2,840.00p
52 Week Low 1,078.00p
Volume 28,304
Shares Issued 39.42m
Market Cap £540.89m
RiskGrade 195

FDEV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.56% below the market average92.56% below the market average92.56% below the market average92.56% below the market average92.56% below the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average
Price Trend
58.01% below the market average58.01% below the market average58.01% below the market average58.01% below the market average58.01% below the market average
16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average
Income Not Available
Growth
52.34% above the market average52.34% above the market average52.34% above the market average52.34% above the market average52.34% above the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 7
Buy 0
Neutral 2
Sell 0
Strong Sell 1
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FDEV Dividends

No dividends found

Trades for 01-Jul-2022

Time Volume / Share Price
16:35 5,795 @ 1,372.00p
16:29 9 @ 1,386.00p
16:29 10 @ 1,386.00p
16:29 11 @ 1,386.00p
16:29 26 @ 1,386.00p

FDEV Key Personnel

CEO David John Braben

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