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Frontier Developments ( (GB:FDEV) ) has shared an announcement.
Frontier Developments PLC announced the purchase of 25,466 of its Ordinary Shares as part of its ongoing buyback program. This transaction is part of a larger effort to manage the company’s share capital, with a total of 255,375 shares purchased since the program’s inception, potentially impacting shareholder voting rights 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 PLC operates in the video game industry, focusing on developing and publishing interactive entertainment products. The company is known for creating engaging and innovative games, catering to a global market of gamers.
Average Trading Volume: 101,794
Technical Sentiment Signal: Hold
Current Market Cap: £143.5M
For a thorough assessment of FDEV stock, go to TipRanks’ Stock Analysis page.