Frontier Developments (LON:FDEV) Reaches New 52-Week High at $1,344.00

Frontier Developments PLC (LON:FDEV)’s share price hit a new 52-week high during trading on Friday . The company traded as high as GBX 1,344 ($17.56) and last traded at GBX 1,254 ($16.39), with a volume of 169636 shares trading hands. The stock had previously closed at GBX 1,226 ($16.02).

FDEV has been the subject of several analyst reports. Credit Suisse Group initiated coverage on Frontier Developments in a research note on Wednesday, September 25th. They issued an “outperform” rating and a GBX 1,490 ($19.47) price objective for the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,350 ($17.64) price objective on shares of Frontier Developments in a research note on Thursday, November 7th. Peel Hunt reaffirmed a “buy” rating on shares of Frontier Developments in a research note on Friday. Liberum Capital reaffirmed a “buy” rating on shares of Frontier Developments in a research note on Friday. Finally, Shore Capital reaffirmed a “buy” rating on shares of Frontier Developments in a research note on Wednesday. Six equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of GBX 1,455.50 ($19.02).

The firm has a market capitalization of $487.95 million and a P/E ratio of 29.03. The firm has a 50 day moving average price of GBX 1,084.67 and a 200-day moving average price of GBX 1,026.36.

In other news, insider David Ranken Gammon sold 30,000 shares of the stock in a transaction that occurred 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).

Frontier Developments Company Profile (LON:FDEV)

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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