TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest announcement is out from Frontier Developments ( (GB:FDEV) ).
Frontier Developments plc announced that David Walsh, a Non-Executive Director and Person Discharging Managerial Responsibilities (PDMR), purchased 5,500 ordinary shares of the company across three transactions on the London Stock Exchange. This purchase signifies a vote of confidence from a key company figure, potentially impacting investor sentiment positively and reinforcing the company’s market position.
The most recent analyst rating on (GB:FDEV) stock is a Hold with a £584.00 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 Neutral.
Frontier Developments’ stock score is primarily driven by its strong financial performance and reasonable valuation. The technical analysis indicates strong momentum, though caution is advised due to overbought signals. The absence of earnings call data and corporate events does not impact the score.
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. Based in Cambridge, UK, the company uses its proprietary COBRA game development technology to create innovative genre-leading games, primarily for personal computers and video game consoles.
Average Trading Volume: 157,415
Technical Sentiment Signal: Hold
Current Market Cap: £195.3M
Find detailed analytics on FDEV stock on TipRanks’ Stock Analysis page.