Frontier Developments plc (LON:FDEV – Get Free Report)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 252.84 ($3.28) and traded as low as GBX 229 ($2.97). Frontier Developments shares last traded at GBX 235 ($3.05), with a volume of 46,326 shares changing hands.
Analysts Set New Price Targets
Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 300 ($3.90) target price on shares of Frontier Developments in a research report on Thursday, September 12th. Shore Capital restated a “buy” rating on shares of Frontier Developments in a research report on Wednesday, September 11th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 330 ($4.28) target price on shares of Frontier Developments in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 250 ($3.25).
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Frontier Developments Stock Performance
About Frontier Developments
Frontier Developments plc develops and publishes video games for interactive entertainment sector. The company develops games using its cross-platform technology, Cobra. It also publishes games developed by selected partner studios under its Frontier Foundry games label. The company was incorporated in 1994 and is headquartered in Cambridge, the United Kingdom.
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