Frontier Developments PLC (LON:FDEV) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 1,214 ($15.86) and last traded at GBX 1,214 ($15.86), with a volume of 138671 shares. The stock had previously closed at GBX 1,120 ($14.63).

A number of equities research analysts have recently commented on FDEV shares. Credit Suisse Group started coverage on Frontier Developments in a research note on Wednesday, September 25th. They set an “outperform” rating and a GBX 1,490 ($19.47) target price on the stock. Shore Capital reiterated a “buy” rating on shares of Frontier Developments in a research note on Wednesday, September 4th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,350 ($17.64) target price on shares of Frontier Developments in a research note on Thursday. Peel Hunt reiterated a “buy” rating on shares of Frontier Developments in a research note on Wednesday. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 1,800 ($23.52) target price on shares of Frontier Developments in a research note on Wednesday. Six equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 1,455.50 ($19.02).

The stock has a 50 day moving average of GBX 1,059.09 and a 200-day moving average of GBX 1,020.23. The firm has a market capitalization of $473.17 million and a P/E ratio of 26.94.

In related news, insider David Ranken Gammon sold 30,000 shares of the business’s stock in a transaction dated 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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