So you
are saying that traders are often half-a-year behind on their info.
FDev's record revenues were higher than previously estimated, meanwhile the next few years' revenues were already forecasted 6 months ago, by FDev's official broker: Liberum.
I would assume that
this is good information for said out-of-date traders?
Frontier Developments (LON:FDEV)‘s stock had its “buy” rating reissued by research analysts at Shore Capital in a note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports.
FDEV has been the topic of a number of other research reports. Berenberg Bank restated a “buy” rating and set a GBX 1,350 ($17.64) target price on shares of Frontier Developments in a research note on Friday, August 23rd. Peel Hunt reiterated a “buy” rating on shares of Frontier Developments in a report on Monday. FinnCap reiterated a “corporate” rating on shares of Frontier Developments in a report on Tuesday, June 18th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,453 ($18.99) price target on shares of Frontier Developments in a report on Tuesday, June 18th. Finally, Liberum Capital reiterated a “buy” rating on shares of Frontier Developments in a report on Tuesday, June 18th. Six investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of GBX 1,457.17 ($19.04).