Frontier Developments PLC (LON:FDEV) has earned an average rating of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 1,515 ($19.54).
FDEV has been the topic of a number of recent research reports. FinnCap reaffirmed a “corporate” rating on shares of Frontier Developments in a research note on Thursday, July 19th. Liberum Capital reaffirmed a “buy” rating on shares of Frontier Developments in a research note on Thursday, July 19th. Peel Hunt reaffirmed a “buy” rating on shares of Frontier Developments in a research note on Friday, June 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,405 ($18.12) price objective on shares of Frontier Developments in a research note on Wednesday. Finally, Berenberg Bank initiated coverage on Frontier Developments in a research note on Thursday, August 30th. They set a “buy” rating and a GBX 1,600 ($20.64) price objective on the stock.
Shares of LON:FDEV traded up GBX 122 ($1.57) on Thursday, reaching GBX 1,010 ($13.03). 660,487 shares of the company traded hands, compared to its average volume of 59,600. Frontier Developments has a 52 week low of GBX 288 ($3.72) and a 52 week high of GBX 1,540 ($19.87).
In other news, insider David Ranken Gammon bought 5,000 shares of the company’s stock in a transaction dated Wednesday, September 5th. The stock was bought at an average cost of GBX 1,045 ($13.48) per share, for a total transaction of £52,250 ($67,401.96).
About Frontier Developments
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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