Frontier Developments (FDEV) Trading Up 12.1%

Frontier Developments PLC (LON:FDEV) was up 12.1% on Monday . The company traded as high as GBX 1,005 ($13.13) and last traded at GBX 968.56 ($12.66). Approximately 123,256 shares changed hands during trading, an increase of 107% from the average daily volume of 59,600 shares. The stock had previously closed at GBX 864 ($11.29).

A number of equities research analysts have recently weighed in on FDEV shares. Jefferies Financial Group restated a “buy” rating and set a GBX 1,405 ($18.36) price target on shares of Frontier Developments in a research note on Wednesday, September 5th. Berenberg Bank restated a “buy” rating and set a GBX 1,600 ($20.91) price target on shares of Frontier Developments in a research note on Wednesday, September 5th. Liberum Capital restated a “buy” rating on shares of Frontier Developments in a research note on Wednesday, September 5th. Peel Hunt restated a “buy” rating on shares of Frontier Developments in a research note on Friday, August 31st. Finally, Citigroup restated a “buy” rating and set a GBX 1,500 ($19.60) price target on shares of Frontier Developments in a research note on Monday, September 10th. Five research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of GBX 1,522.50 ($19.89).

In related news, insider David Ranken Gammon purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, September 5th. The stock was bought at an average cost of GBX 1,045 ($13.65) per share, with a total value of £52,250 ($68,273.88). Also, insider James Mitchell purchased 40,357 shares of the firm’s stock in a transaction on Thursday, October 11th. The stock was bought at an average cost of GBX 1,142 ($14.92) per share, with a total value of £460,876.94 ($602,217.35). In the last quarter, insiders purchased 65,349 shares of company stock worth $73,903,654.

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Frontier Developments Company Profile (LON:FDEV)

Frontier Developments plc, a software technology company, develops and sells video games for the interactive entertainment sector in the United Kingdom and internationally. It develops video games across various genres and platforms. The company was founded in 1994 and is headquartered in Cambridge, the United Kingdom.

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