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An announcement from Frontier Developments ( (GB:FDEV) ) is now available.
Frontier Developments announced a transaction involving the sale of ordinary shares by its President and Founder, David Braben. This transaction is part of the company’s ongoing Share Buyback Programme, with the shares sold on the London Stock Exchange’s AIM market. The move is likely to impact the company’s stock dynamics and reflects strategic financial management decisions.
The most recent analyst rating on (GB:FDEV) stock is a Hold with a £3.90 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. Based in Cambridge, the company utilizes its proprietary COBRA game development technology to create innovative genre-leading games primarily for personal computers and video game consoles.
Average Trading Volume: 121,770
Technical Sentiment Signal: Hold
Current Market Cap: £165.7M
For an in-depth examination of FDEV stock, go to TipRanks’ Overview page.