(Sharecast News) - Analysts at ShoreCap upgraded their recommendation for shares of Frontier Developments from 'hold' to 'buy', telling clients that they were anticipating record sales over the 2023 financial year and a step-change in profitability.
Their new recommendation, they pointed out, also followed a downdraft that had seen the shares drop from about 1,400.0p in November to "just" 960.0p.
To them, that marked a "notable" discount to their favir value estimate of 1,350.0p - which was unchanged - and to its historical metrics " despite a larger profile of titles and an arguably more sophisticated model".
They were also anticipating improving margins and cash generation across their forecasted period which stretched out to FY2025.


(Alliance News) - Frontier Developments PLC on Wednesday reported an increase in annual earnings, hailing its focus on management simulation games, an...


(Sharecast News) - Frontier Developments said on Wednesday that its focus on creative management simulation games had delivered record annual profit a...


(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately repor...


(Sharecast News) - Frontier Developments said on Tuesday that chief executive Jonny Watts would step down for personal reasons, with chief marketing o...


(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:


(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:


(Sharecast News) - Shares in Frontier Developments rose sharply on Thursday after the Cambridge-based video game developer reported stronger-than-expe...


(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:


Frontier Developments PLC - Cambridge, England-based video game developer and publisher - Completes its GBP10 million share buyback on Monday, repurch...


Frontier Developments PLC - Cambridge, England-based video game developer and publisher - President & Founder David Braben sells 42,162 shares at 459....