Frontier Developments (LON:FDEV) Price Target Cut to GBX 2,870

Frontier Developments (LON:FDEV) had its target price lowered by Liberum Capital from GBX 3,540 ($46.25) to GBX 2,870 ($37.50) in a research note published on Monday morning, PriceTargets.com reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Berenberg Bank reiterated a buy rating and set a GBX 3,500 ($45.73) price objective on shares of Frontier Developments in a research note on Tuesday, October 12th. Credit Suisse Group increased their price objective on shares of Frontier Developments from GBX 3,030 ($39.59) to GBX 3,060 ($39.98) and gave the stock an outperform rating in a research note on Thursday, September 9th. Peel Hunt restated a buy rating and issued a GBX 3,418 ($44.66) price target on shares of Frontier Developments in a research note on Wednesday, November 10th. Finally, Peel Hunt restated a buy rating and issued a GBX 3,418 ($44.66) price target on shares of Frontier Developments in a research note on Wednesday, November 10th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Frontier Developments has a consensus rating of Buy and an average target price of GBX 3,048.50 ($39.83).

Shares of Frontier Developments stock opened at GBX 1,718 ($22.45) on Monday. The company has a market capitalization of £676.50 million and a price-to-earnings ratio of 32.23. The company has a quick ratio of 3.22, a current ratio of 3.41 and a debt-to-equity ratio of 19.58. Frontier Developments has a 12-month low of GBX 1,536 ($20.07) and a 12-month high of GBX 3,470 ($45.34). The firm’s 50-day moving average price is GBX 2,446.58 and its two-hundred day moving average price is GBX 2,532.53.

In other news, insider David Ranken Gammon sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 14th. The stock was sold at an average price of GBX 2,700 ($35.28), for a total transaction of £270,000 ($352,756.73). Also, insider Charles Cotton bought 3,750 shares of the business’s stock in a transaction on Friday, October 22nd. The stock was purchased at an average cost of GBX 2,667 ($34.84) per share, with a total value of £100,012.50 ($130,666.97).

Frontier Developments Company Profile

Frontier Developments plc develops and publishes video games for personal computers and videogame consoles in the United Kingdom. It develops games across various platforms using its cross platform technology. 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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