FinnCap Raises Frontier Developments PLC (LON:FDEV) Price Target to GBX 690
Frontier Developments PLC (LON:FDEV) had its price target upped by FinnCap from GBX 500 ($6.60) to GBX 690 ($9.10) in a report released on Friday morning. The brokerage currently has a corporate rating on the stock.
Separately, Numis Securities Ltd upgraded Frontier Developments PLC to an add rating and lifted their price objective for the stock from GBX 300 ($3.96) to GBX 466 ($6.15) in a research report on Thursday, June 22nd.
Shares of Frontier Developments PLC (FDEV) opened at 660.00 on Friday. The firm’s 50-day moving average is GBX 498.89 and its 200-day moving average is GBX 366.87. Frontier Developments PLC has a 1-year low of GBX 162.00 and a 1-year high of GBX 660.00. The stock’s market capitalization is GBX 223.61 million.
In related news, insider Charles Cotton bought 36,630 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was bought at an average cost of GBX 409 ($5.40) per share, for a total transaction of £149,816.70 ($197,621.29). Also, insider David John Walsh sold 132,910 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of GBX 381 ($5.03), for a total value of £506,387.10 ($667,968.74). Insiders have bought a total of 46,630 shares of company stock valued at $16,525,670 over the last 90 days.
About Frontier Developments PLC
Frontier Developments plc is engaged in developing non-game applications and video games for the entertainment sector. The Company’s segments include self-published and external publishers. The self-published segment is engaged in sales of the game and digital in-game. The Company has completed work for external publishers, including Screamride and Tales from Deep Space.
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