Shore Capital Reiterates Buy Rating for Frontier Developments (LON:FDEV)

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Shore Capital restated their buy rating on shares of Frontier Developments (LON:FDEV) in a research note published on Wednesday morning, Stock Target Advisor reports.

Other equities analysts have also issued research reports about the company. Peel Hunt reissued a buy rating on shares of Frontier Developments in a research note on Wednesday, November 6th. Liberum Capital reissued a buy rating and issued a GBX 1,800 ($23.52) price objective on shares of Frontier Developments in a research note on Wednesday, November 6th. Berenberg Bank reaffirmed a buy rating and set a GBX 1,350 ($17.64) price target on shares of Frontier Developments in a research note on Thursday, November 7th. Finally, Credit Suisse Group assumed coverage on Frontier Developments in a research note on Wednesday, September 25th. They set an outperform rating and a GBX 1,490 ($19.47) price target on the stock. Six investment analysts have rated the stock with a buy rating, Frontier Developments presently has an average rating of Buy and an average price target of GBX 1,455.50 ($19.02).

Frontier Developments stock traded up GBX 28 ($0.37) on Wednesday, reaching GBX 1,254 ($16.39). The company’s stock had a trading volume of 191,031 shares, compared to its average volume of 59,600. The company has a market cap of $487.95 million and a price-to-earnings ratio of 29.03. The business’s fifty day moving average price is GBX 1,084.67 and its 200 day moving average price is GBX 1,026.36. Frontier Developments has a twelve month low of GBX 730 ($9.54) and a twelve month high of GBX 1,270 ($16.59).

In other news, insider David Ranken Gammon sold 30,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of GBX 1,032 ($13.48), for a total transaction of £309,600 ($404,547.24).

Frontier Developments Company Profile

Frontier Developments plc develops and publishes video games for the interactive entertainment sector in the United Kingdom and internationally. It develops games across various platforms using its cross platform technology. The company was founded in 1994 and is based in Cambridge, the United Kingdom.

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Analyst Recommendations for Frontier Developments (LON:FDEV)

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