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

Frontier Developments (LON:FDEV)‘s stock had its “buy” rating reissued by research analysts at Shore Capital in a research report issued on Wednesday, Stock Target Advisor reports.

FDEV has been the subject of a number of other reports. Peel Hunt reissued a “buy” rating on shares of Frontier Developments in a research report on Wednesday, November 6th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,350 ($17.64) target price on shares of Frontier Developments in a research report on Thursday, November 7th. Liberum Capital reissued a “buy” rating and issued a GBX 1,800 ($23.52) target price on shares of Frontier Developments in a research report on Wednesday, November 6th. Finally, Credit Suisse Group assumed coverage on Frontier Developments in a research report on Wednesday, September 25th. They issued an “outperform” rating and a GBX 1,490 ($19.47) price target for the company. Six analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 1,455.50 ($19.02).

LON:FDEV opened at GBX 1,268.50 ($16.58) on Wednesday. The business has a fifty day simple moving average of GBX 1,079.41 and a two-hundred day simple moving average of GBX 1,025.16. Frontier Developments has a 1 year low of GBX 730 ($9.54) and a 1 year high of GBX 1,270 ($16.59). The company has a market capitalization of $475.50 million and a P/E ratio of 29.36.

In other news, insider David Ranken Gammon sold 30,000 shares of Frontier Developments 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 value of £309,600 ($404,547.24).

About Frontier Developments

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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