Frontier Developments PLC (LON:FDEV) has been given an average rating of “Buy” by the seven ratings firms that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 1,431 ($18.70).
FDEV has been the topic of a number of recent research reports. Credit Suisse Group initiated coverage on Frontier Developments in a research note on Wednesday, September 25th. They set an “outperform” rating and a GBX 1,490 ($19.47) price objective on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 1,350 ($17.64) price objective on shares of Frontier Developments in a research note on Friday, September 6th. Peel Hunt reissued a “buy” rating on shares of Frontier Developments in a research note on Tuesday. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,453 ($18.99) price objective on shares of Frontier Developments in a research note on Tuesday, June 18th. Finally, Liberum Capital reissued a “buy” rating on shares of Frontier Developments in a research note on Wednesday, September 4th.
In other news, insider David Ranken Gammon sold 30,000 shares of the company’s stock in a transaction on 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.
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