Frontier Developments PLC (LON:FDEV) has received an average recommendation of “Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 1,501.67 ($19.56).
Several analysts recently commented on FDEV shares. Peel Hunt reiterated a “buy” rating on shares of Frontier Developments in a report on Friday, June 1st. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,405 ($18.30) target price on shares of Frontier Developments in a report on Wednesday, September 5th. Liberum Capital reiterated a “buy” rating on shares of Frontier Developments in a report on Thursday, July 19th. Berenberg Bank started coverage on Frontier Developments in a report on Thursday, August 30th. They issued a “buy” rating and a GBX 1,600 ($20.84) target price on the stock. Finally, FinnCap reiterated a “corporate” rating on shares of Frontier Developments in a report on Wednesday, September 5th.
Shares of LON:FDEV traded down GBX 32.50 ($0.42) during midday trading on Monday, hitting GBX 1,352.50 ($17.62). 185,637 shares of the stock were exchanged, compared to its average volume of 59,600. Frontier Developments has a 12 month low of GBX 288 ($3.75) and a 12 month high of GBX 1,540 ($20.06).
In related news, insider David Ranken Gammon purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, September 5th. The stock was acquired at an average cost of GBX 1,045 ($13.61) per share, with a total value of £52,250 ($68,060.44). Also, insider James Mitchell purchased 19,992 shares of the stock in a transaction that occurred on Thursday, September 20th. The stock was bought at an average cost of GBX 1,130 ($14.72) per share, with a total value of £225,909.60 ($294,268.07).
Frontier Developments Company Profile
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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