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Frontier Developments ( (GB:FDEV) ) just unveiled an update.
Frontier Developments PLC announced a transaction involving the sale of 5,000 ordinary shares by David Braben, the company’s President and Founder, as part of a previously launched Share Buyback Programme. This transaction, conducted on the London Stock Exchange’s AIM market, may impact the company’s share value and reflects strategic financial management decisions aimed at optimizing shareholder value.
The most recent analyst rating on (GB:FDEV) stock is a Buy with a £330.00 price target. To see the full list of analyst forecasts on Frontier Developments stock, see the GB:FDEV Stock Forecast page.
Spark’s Take on GB:FDEV Stock
According to Spark, TipRanks’ AI Analyst, GB:FDEV is a Outperform.
The overall stock score is primarily driven by strong technical analysis and positive corporate events. Despite financial performance challenges, the stock shows strong upward momentum and strategic initiatives that indicate growth potential. Valuation is favorable with a low P/E ratio, adding to the stock’s attractiveness.
To see Spark’s full report on GB:FDEV stock, click here.
More about Frontier Developments
Frontier Developments PLC is a leading independent developer and publisher of video games, founded in 1994 by David Braben, co-author of the iconic Elite game. The company, based in Cambridge, utilizes its proprietary COBRA game development technology to create innovative genre-leading games primarily for personal computers and video game consoles.
Average Trading Volume: 96,006
Technical Sentiment Signal: Hold
Current Market Cap: £139.6M
Find detailed analytics on FDEV stock on TipRanks’ Stock Analysis page.