Frontier Developments’ (FDEV) “Buy” Rating Reiterated at Liberum Capital

Liberum Capital restated their buy rating on shares of Frontier Developments (LON:FDEV) in a research note issued to investors on Wednesday morning, Digital Look reports. They currently have a GBX 1,800 ($23.52) target price on the stock.

Other research analysts have also issued reports about the company. Shore Capital reiterated a buy rating on shares of Frontier Developments in a report on Wednesday, September 4th. Credit Suisse Group initiated coverage on Frontier Developments in a report on Wednesday, September 25th. They set an outperform rating and a GBX 1,490 ($19.47) target price on the stock. Berenberg Bank reiterated a buy rating and set a GBX 1,350 ($17.64) target price on shares of Frontier Developments in a report on Friday, September 6th. Finally, Peel Hunt reissued a buy rating on shares of Frontier Developments in a research note on Tuesday, October 8th. Six research analysts have rated the stock with a buy rating, Frontier Developments has an average rating of Buy and a consensus target price of GBX 1,455.50 ($19.02).

FDEV stock opened at GBX 1,164 ($15.21) on Wednesday. The business’s 50-day moving average price is GBX 1,061.45 and its two-hundred day moving average price is GBX 1,020.80. The firm has a market cap of $473.17 million and a PE ratio of 26.94. Frontier Developments has a 1-year low of GBX 730 ($9.54) and a 1-year high of GBX 1,270 ($16.59).

In other Frontier Developments news, insider David Ranken Gammon sold 30,000 shares of Frontier Developments stock in a transaction dated 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.

Further Reading: Gross Domestic Product (GDP)

Analyst Recommendations for Frontier Developments (LON:FDEV)

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