Frontier Developments PLC (FDEV) Receives Consensus Rating of “Buy” from Brokerages

Frontier Developments PLC (LON:FDEV) has been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 1,452.50 ($18.98).

A number of brokerages recently commented on FDEV. Liberum Capital restated a “buy” rating on shares of Frontier Developments in a research note on Wednesday, September 5th. FinnCap reissued a “corporate” rating on shares of Frontier Developments in a research note on Wednesday, September 5th. Peel Hunt reaffirmed a “buy” rating on shares of Frontier Developments in a research report on Friday, November 30th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,405 ($18.36) price objective on shares of Frontier Developments in a report on Wednesday, September 5th. Finally, Citigroup reiterated a “buy” rating and issued a GBX 1,500 ($19.60) price objective on shares of Frontier Developments in a research report on Monday, September 10th.

Frontier Developments stock opened at GBX 842 ($11.00) on Friday. Frontier Developments has a one year low of GBX 288 ($3.76) and a one year high of GBX 1,540 ($20.12).

In other Frontier Developments news, insider James Mitchell bought 40,357 shares of the business’s stock in a transaction on Thursday, October 11th. The stock was purchased at an average cost of GBX 1,142 ($14.92) per share, for a total transaction of £460,876.94 ($602,217.35).

Frontier Developments Company Profile

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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