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An announcement from Frontier Developments ( (GB:FDEV) ) is now available.
Frontier Developments PLC has executed a share buyback program, purchasing 25,000 of its ordinary shares at a consistent price of 378.00 GBp per share, as part of a previously announced initiative. This move, which results in a total of 524,487 shares being bought back since the program’s inception, is aimed at consolidating the company’s share capital and potentially enhancing shareholder value by placing these shares into treasury.
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 its work on simulation and strategy games, catering to a global market of gaming enthusiasts.
Average Trading Volume: 110,949
Technical Sentiment Signal: Hold
Current Market Cap: £141.9M
Learn more about FDEV stock on TipRanks’ Stock Analysis page.