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Frontier Developments ( (GB:FDEV) ) has provided an update.
Frontier Developments PLC has executed a share buyback program, purchasing 103,168 of its Ordinary Shares at an average price of 427.66 GBp per share. This move, part of a larger buyback initiative, aims to consolidate shares into Treasury, impacting the total voting rights and potentially influencing shareholder interest calculations.
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 company operating in the video game industry, known for developing and publishing interactive entertainment products. The company focuses on creating engaging and innovative games for various platforms, catering to a global market.
Average Trading Volume: 118,442
Technical Sentiment Signal: Hold
Current Market Cap: £156.1M
For detailed information about FDEV stock, go to TipRanks’ Stock Analysis page.