Frontier Developments PLC (FDEV) Downgraded by Numis Securities Ltd

Frontier Developments PLC (FDEV) Downgraded by Numis Securities Ltd

Numis Securities Ltd cut shares of Frontier Developments PLC (LON:FDEV) to a hold rating in a report published on Monday morning. Numis Securities Ltd currently has GBX 300 ($3.62) target price on the stock.

Separately, FinnCap reiterated a corporate rating on shares of Frontier Developments PLC in a research note on Friday, October 21st.

Frontier Developments PLC (LON:FDEV) opened at 288.50 on Monday. The company’s market capitalization is GBX 97.70 million. Frontier Developments PLC has a one year low of GBX 162.00 and a one year high of GBX 320.00. The firm has a 50-day moving average of GBX 263.86 and a 200 day moving average of GBX 208.57.

In related news, insider Charles Cotton acquired 18,857 shares of the firm’s stock in a transaction dated Friday, December 9th. The stock was purchased at an average cost of GBX 210 ($2.53) per share, with a total value of £39,599.70 ($47,773.80).

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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