Berenberg Bank Reaffirms “Buy” Rating for Frontier Developments (LON:FDEV)

Berenberg Bank reaffirmed their buy rating on shares of Frontier Developments (LON:FDEV) in a research note issued to investors on Monday, Digital Look reports. Berenberg Bank currently has a GBX 1,600 ($21.05) price objective on the stock.

Other equities analysts also recently issued research reports about the company. Peel Hunt restated a buy rating on shares of Frontier Developments in a research report on Monday. Shore Capital restated a buy rating on shares of Frontier Developments in a research report on Wednesday, November 13th. Liberum Capital restated a buy rating on shares of Frontier Developments in a research report on Friday, November 15th. Finally, Credit Suisse Group assumed coverage on Frontier Developments in a research report on Wednesday, September 25th. They set an outperform rating and a GBX 1,490 ($19.60) target price for the company. Six research analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and an average price target of GBX 1,530.50 ($20.13).

Frontier Developments stock opened at GBX 1,325.86 ($17.44) on Monday. The company has a market capitalization of $515.92 million and a PE ratio of 30.69. Frontier Developments has a one year low of GBX 790 ($10.39) and a one year high of GBX 1,344 ($17.68). The business has a 50 day simple moving average of GBX 1,227.72 and a 200 day simple moving average of GBX 1,081.33.

In other Frontier Developments news, insider David John Braben sold 1,250,000 shares of Frontier Developments stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of GBX 1,200 ($15.79), for a total value of £15,000,000 ($19,731,649.57).

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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