Numis Securities Reaffirms Sell Rating for Frontier Developments (LON:FDEV)

Frontier Developments (LON:FDEV – Get Rating)‘s stock had its “sell” rating reissued by equities research analysts at Numis Securities in a note issued to investors on Thursday, Marketbeat reports.

Other equities research analysts have also recently issued research reports about the company. Shore Capital reissued a “buy” rating on shares of Frontier Developments in a report on Wednesday, January 4th. Berenberg Bank reissued a “buy” rating and set a GBX 2,000 ($24.41) target price on shares of Frontier Developments in a report on Friday, September 23rd. Finally, Credit Suisse Group dropped their target price on Frontier Developments from GBX 1,855 ($22.64) to GBX 1,800 ($21.96) and set an “outperform” rating on the stock in a report on Monday, September 26th.

Frontier Developments Price Performance

Shares of LON:FDEV opened at GBX 492.50 ($6.01) on Thursday. Frontier Developments has a 12 month low of GBX 442.50 ($5.40) and a 12 month high of GBX 1,648 ($20.11). The stock has a market cap of £194.16 million and a price-to-earnings ratio of 2,052.08. The stock’s 50 day moving average price is GBX 970.92 and its 200 day moving average price is GBX 1,244.29. The company has a debt-to-equity ratio of 17.52, a current ratio of 2.77 and a quick ratio of 2.61.

Insider Buying and Selling at Frontier Developments

In other Frontier Developments news, insider Charles Cotton sold 10,000 shares of the company’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of GBX 1,407 ($17.17), for a total value of £140,700 ($171,690.05). In other Frontier Developments news, insider Charles Cotton sold 10,000 shares of the company’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of GBX 1,407 ($17.17), for a total value of £140,700 ($171,690.05). Also, insider David Ranken Gammon sold 35,000 shares of Frontier Developments stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of GBX 1,400 ($17.08), for a total transaction of £490,000 ($597,925.56).

About Frontier Developments

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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. Frontier Developments plc was incorporated in 1994 and is headquartered in Cambridge, the United Kingdom.