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Frontier Developments ( (GB:FDEV) ) just unveiled an announcement.
Frontier Developments announced a transaction involving the sale of ordinary shares by David Braben, the company’s President and Founder, as part of a previously launched Share Buyback Programme. The transaction, conducted on the London Stock Exchange’s AIM, involved 8,500 shares at a price of 387.5p each, potentially impacting the company’s stock liquidity and market perception.
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 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, uses its proprietary COBRA game development technology to create innovative genre-leading games, primarily for personal computers and video game consoles.
Average Trading Volume: 111,788
Technical Sentiment Signal: Hold
Current Market Cap: £143.9M
For detailed information about FDEV stock, go to TipRanks’ Stock Analysis page.