Frontier Developments (LON:FDEV – Get Free Report) was upgraded by investment analysts at Berenberg Bank to a “buy” rating in a research note issued on Tuesday, Digital Look reports. The firm currently has a GBX 330 ($4.22) price objective on the stock, up from their prior price objective of GBX 300 ($3.83). Berenberg Bank’s target price points to a potential upside of 14.19% from the company’s current price.
Several other analysts have also recently issued reports on FDEV. Shore Capital reaffirmed a “buy” rating on shares of Frontier Developments in a research note on Tuesday, May 7th. Jefferies Financial Group restated a “hold” rating on shares of Frontier Developments in a research report on Wednesday, June 12th.
Get Our Latest Stock Report on FDEV
Frontier Developments Trading Up 4.9 %
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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