Frontier Developments’ (FDEV) “Buy” Rating Reiterated at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Frontier Developments (LON:FDEV) in a research report sent to investors on Friday, Stock Target Advisor reports.

Several other equities analysts have also recently issued reports on the company. Berenberg Bank reiterated a buy rating and set a GBX 1,350 ($17.64) target price on shares of Frontier Developments in a research report on Thursday, November 7th. Shore Capital reiterated a buy rating on shares of Frontier Developments in a research report on Wednesday, November 13th. Credit Suisse Group initiated coverage on Frontier Developments in a research report on Wednesday, September 25th. They set an outperform rating and a GBX 1,490 ($19.47) target price on the stock. Finally, Liberum Capital reiterated a buy rating on shares of Frontier Developments in a research report on Friday. Six investment analysts have rated the stock with a buy rating, Frontier Developments currently has a consensus rating of Buy and a consensus target price of GBX 1,455.50 ($19.02).

LON FDEV opened at GBX 1,244.10 ($16.26) on Friday. The business’s 50 day moving average is GBX 1,084.67 and its two-hundred day moving average is GBX 1,026.36. Frontier Developments has a 12-month low of GBX 730 ($9.54) and a 12-month high of GBX 1,270 ($16.59). The stock has a market capitalization of $487.95 million and a price-to-earnings ratio of 28.80.

In other Frontier Developments news, insider David Ranken Gammon sold 30,000 shares of the business’s stock in a transaction that occurred 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).

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.

Featured Article: What is a Real Estate Investment Trust (REIT)?

Analyst Recommendations for Frontier Developments (LON:FDEV)

Receive News & Ratings for Frontier Developments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontier Developments and related companies with MarketBeat.com's FREE daily email newsletter.