Frontier Developments (LON:FDEV) Stock Crosses Below Fifty Day Moving Average of $1,011.80

Shares of Frontier Developments PLC (LON:FDEV) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1,011.80 and traded as low as $913.00. Frontier Developments shares last traded at $928.00, with a volume of 44,176 shares traded.

Several research analysts have recently weighed in on FDEV shares. FinnCap reaffirmed a “corporate” rating on shares of Frontier Developments in a research note on Tuesday, June 18th. Liberum Capital reaffirmed a “buy” rating on shares of Frontier Developments in a research note on Tuesday, June 18th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,350 ($17.64) target price on shares of Frontier Developments in a research note on Tuesday, June 25th. Peel Hunt reaffirmed a “buy” rating on shares of Frontier Developments in a research note on Thursday, July 4th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Frontier Developments in a research note on Tuesday, June 18th. Six investment analysts have rated the stock with a buy rating, Frontier Developments currently has an average rating of “Buy” and a consensus target price of GBX 1,457.17 ($19.04).

The business’s 50 day simple moving average is GBX 1,007.96. The stock has a market capitalization of $359.52 million and a PE ratio of 23.32.

Frontier Developments Company Profile (LON:FDEV)

Frontier Developments plc develops and publishes video games for the interactive entertainment sector in the United Kingdom and internationally. It develops games across various platforms using its cross platform technology. The company was founded in 1994 and is based in Cambridge, the United Kingdom.

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