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Frontier Developments ( (GB:FDEV) ) has provided an announcement.
Frontier Developments announced a transaction involving the sale of ordinary shares by its President and Founder, David Braben, as part of the company’s Share Buyback Programme. The transaction, conducted on the London Stock Exchange, involved 21,710 shares sold at a price of 407.5p each. This move is part of Frontier’s strategic financial management initiatives, potentially impacting its stock market performance and shareholder value.
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. The company is based in Cambridge and utilizes its proprietary COBRA game development technology to create innovative, genre-leading games primarily for personal computers and video game consoles.
Average Trading Volume: 105,627
Technical Sentiment Signal: Hold
Current Market Cap: £150.7M
For an in-depth examination of FDEV stock, go to TipRanks’ Overview page.