Peel Hunt Initiated Frontier Developments Plc (LON:FDEV)’s Coverage; Allianzgi Convertible & Income Fund (NCV) Sellers Increased By 12.8% Their Shorts

April 4, 2018 - By Annabelle Johnson

Frontier Developments Plc (LON:FDEV) Logo

In a research note sent to investors on Wednesday morning, expert analysts at Peel Hunt started coverage on shares of Frontier Developments Plc (LON:FDEV). The broker issued Buy rating on FDEV stock.

Allianzgi Convertible & Income Fund (NYSE:NCV) had an increase of 12.8% in short interest. NCV’s SI was 1.36 million shares in April as released by FINRA. Its up 12.8% from 1.20 million shares previously. With 390,600 avg volume, 4 days are for Allianzgi Convertible & Income Fund (NYSE:NCV)’s short sellers to cover NCV’s short positions. The stock increased 0.44% or $0.03 during the last trading session, reaching $6.79. About 340,319 shares traded. AllianzGI Convertible & Income Fund (NYSE:NCV) has risen 1.69% since April 4, 2017 and is uptrending. It has underperformed by 9.86% the S&P500.

Frontier Developments plc, a software technology company, develops and sells video games for the interactive entertainment sector. The company has market cap of 504.88 million GBP. It focuses on video game development across various genres and platforms. It has a 67.78 P/E ratio. The firm serves clients in the United Kingdom, the United States, Canada, and internationally.

Among 4 analysts covering Frontier Developments Plc (LON:FDEV), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Frontier Developments Plc has GBX 1700 highest and GBX 210 lowest target. GBX 1261.50’s average target is -4.07% below currents GBX 1315 stock price. Frontier Developments Plc had 51 analyst reports since September 8, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, March 2 by Numis Securities. As per Tuesday, April 3, the company rating was maintained by Liberum Capital. The stock has “Buy” rating by Numis Securities on Thursday, January 14. FinnCap maintained the shares of FDEV in report on Wednesday, March 2 with “Corporate” rating. The stock of Frontier Developments Plc (LON:FDEV) has “Corporate” rating given on Monday, November 21 by FinnCap. Numis Securities maintained Frontier Developments Plc (LON:FDEV) on Wednesday, April 19 with “Hold” rating. The rating was maintained by Liberum Capital on Tuesday, February 6 with “Buy”. The stock has “Corporate” rating by FinnCap on Wednesday, July 6. The rating was maintained by FinnCap on Wednesday, February 3 with “Corporate”. The stock of Frontier Developments Plc (LON:FDEV) has “Corporate” rating given on Tuesday, May 16 by FinnCap.

The stock increased 1.15% or GBX 15 during the last trading session, reaching GBX 1315. About 4,791 shares traded. Frontier Developments Plc (LON:FDEV) has 0.00% since April 4, 2017 and is . It has underperformed by 11.55% the S&P500.