Peel Hunt Reiterates Buy Rating for Frontier Developments (FDEV)

Frontier Developments (LON:FDEV)‘s stock had its “buy” rating reiterated by equities researchers at Peel Hunt in a report issued on Friday.

FDEV has been the subject of several other research reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,600 ($20.91) price objective on shares of Frontier Developments in a research note on Wednesday, September 5th. Citigroup reaffirmed a “buy” rating and set a GBX 1,500 ($19.60) price objective on shares of Frontier Developments in a research note on Monday, September 10th. Liberum Capital reaffirmed a “buy” rating on shares of Frontier Developments in a research note on Thursday, July 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,405 ($18.36) price objective on shares of Frontier Developments in a research note on Wednesday, September 5th. Finally, FinnCap reaffirmed a “corporate” rating on shares of Frontier Developments in a research note on Wednesday, September 5th. Five equities research analysts have rated the stock with a buy rating, Frontier Developments currently has an average rating of “Buy” and an average target price of GBX 1,522.50 ($19.89).

Shares of LON FDEV opened at GBX 1,000 ($13.07) on Friday. Frontier Developments has a 12-month low of GBX 288 ($3.76) and a 12-month high of GBX 1,540 ($20.12).

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