Frontier Developments PLC (LON:FDEV)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 1,350 ($17.76) and last traded at GBX 1,350 ($17.76), with a volume of 61286 shares trading hands. The stock had previously closed at GBX 1,298 ($17.07).

A number of research analysts have issued reports on FDEV shares. Shore Capital restated a “buy” rating on shares of Frontier Developments in a report on Wednesday. Credit Suisse Group started coverage on shares of Frontier Developments in a report on Wednesday, September 25th. They issued an “outperform” rating and a GBX 1,490 ($19.60) target price on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 1,600 ($21.05) target price on shares of Frontier Developments in a report on Monday. Liberum Capital restated a “buy” rating on shares of Frontier Developments in a report on Wednesday. Finally, Peel Hunt reiterated a “buy” rating on shares of Frontier Developments in a report on Monday. Six equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus price target of GBX 1,530.50 ($20.13).

The company’s fifty day moving average is GBX 1,227.72 and its 200 day moving average is GBX 1,081.33. The stock has a market cap of $525.31 million and a PE ratio of 31.25.

In related news, insider David John Braben sold 1,250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of GBX 1,200 ($15.79), for a total value of £15,000,000 ($19,731,649.57).

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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