Frontier Developments (LON:FDEV) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Frontier Developments plc (LON:FDEVGet Free Report) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 433.78 and traded as high as GBX 441.50. Frontier Developments shares last traded at GBX 430.93, with a volume of 320,223 shares changing hands.

Analyst Ratings Changes

FDEV has been the topic of several research analyst reports. Shore Capital Group restated a “buy” rating and set a GBX 650 target price on shares of Frontier Developments in a research note on Wednesday, June 10th. Berenberg Bank reiterated a “buy” rating and issued a GBX 600 price target on shares of Frontier Developments in a research note on Wednesday, June 10th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 618.75.

Read Our Latest Stock Report on Frontier Developments

Frontier Developments Stock Up 0.8%

The company has a market capitalization of £149.70 million, a price-to-earnings ratio of 8.65, a PEG ratio of 2.11 and a beta of 0.03. The company has a debt-to-equity ratio of 19.71, a quick ratio of 2.61 and a current ratio of 2.83. The business’s 50 day moving average is GBX 433.78 and its 200 day moving average is GBX 407.73.

Insider Activity

In other news, insider Alex Bevis sold 5,084 shares of Frontier Developments stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of GBX 404, for a total transaction of £20,539.36. Corporate insiders own 38.10% of the company’s stock.

About Frontier Developments

(Get Free Report)

Frontier is a leading independent developer and publisher of video games for PC and console, creating immersive and fun gameplay, with unparalleled artistic quality.

At Frontier, we specialise in creating endless possibilities in playful, fun and creative worlds. From some of the world’s biggest licensed entertainment and sporting franchises, to intricately crafted worlds where players can explore and make their mark, our games are all underpinned by our unwavering passion for creating compelling and innovative experiences that continue to inspire and delight our players.

We have created games that have defined genres, been critically acclaimed, and reached many millions of players.

Further Reading

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