Frontier Developments (FDEV) Stock Rating Reaffirmed by Berenberg Bank

Frontier Developments (LON:FDEV)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research report issued to clients and investors on Thursday.

A number of other analysts also recently weighed in on the company. Peel Hunt reiterated a “buy” rating on shares of Frontier Developments in a research report on Friday, November 2nd. Citigroup reiterated a “buy” rating and set a GBX 1,500 ($19.60) target price on shares of Frontier Developments in a research report on Monday, September 10th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,405 ($18.36) target price on shares of Frontier Developments in a research report on Wednesday, September 5th. FinnCap reiterated a “corporate” rating on shares of Frontier Developments in a research report on Wednesday, September 5th. Finally, Liberum Capital reiterated a “buy” rating on shares of Frontier Developments in a research report on Wednesday, September 5th. Five analysts have rated the stock with a buy rating, Frontier Developments has an average rating of “Buy” and an average price target of GBX 1,522.50 ($19.89).

Shares of LON:FDEV traded down GBX 10 ($0.13) during trading on Thursday, reaching GBX 966 ($12.62). 287,600 shares of the company traded hands, compared to its average volume of 59,600. Frontier Developments has a 52 week low of GBX 288 ($3.76) and a 52 week high of GBX 1,540 ($20.12).

In other Frontier Developments news, insider David Ranken Gammon acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The stock was acquired at an average cost of GBX 1,045 ($13.65) per share, for a total transaction of £52,250 ($68,273.88). Also, insider James Mitchell acquired 19,992 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The shares were acquired at an average price of GBX 1,130 ($14.77) per share, with a total value of £225,909.60 ($295,190.91). Over the last 90 days, insiders have purchased 65,349 shares of company stock valued at $73,903,654.

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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Analyst Recommendations for Frontier Developments (LON:FDEV)

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