Frontier Developments plc (LON:FDEV – Get Rating) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,357.24 ($15.63) and traded as low as GBX 1,278 ($14.72). Frontier Developments shares last traded at GBX 1,312 ($15.11), with a volume of 29,957 shares traded.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on FDEV shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,000 ($23.03) target price on shares of Frontier Developments in a report on Friday, September 23rd. Credit Suisse Group cut their target price on shares of Frontier Developments from GBX 1,855 ($21.36) to GBX 1,800 ($20.73) and set an “outperform” rating for the company in a report on Monday, September 26th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Frontier Developments in a report on Wednesday, November 2nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Frontier Developments has an average rating of “Moderate Buy” and a consensus target price of GBX 2,690.17 ($30.97).
Frontier Developments Stock Performance
The company has a market cap of £510.13 million and a PE ratio of 5,248.00. The firm’s fifty day moving average is GBX 1,289.14 and its 200 day moving average is GBX 1,357.24. The company has a current ratio of 2.77, a quick ratio of 2.61 and a debt-to-equity ratio of 17.52.
About Frontier Developments
Frontier Developments plc develops and publishes video games for personal computers and videogame consoles in the United Kingdom. The company develops games across various platforms using its cross-platform technology, Cobra. It also publishes games developed by selected partner studios under its Frontier Foundry games label.
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