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The latest announcement is out from Frontier Developments ( (GB:FDEV) ).
Frontier Developments PLC has executed a buyback of 45,000 of its Ordinary Shares as part of a previously announced program, with shares purchased at a volume-weighted average price of 379.20 GBp. This move, which places the shares into Treasury, reflects the company’s ongoing strategy to manage its capital structure and potentially enhance shareholder value.
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 the development and publishing of interactive entertainment products. The company is known for creating engaging and innovative games, catering to a global audience.
Average Trading Volume: 114,228
Technical Sentiment Signal: Hold
Current Market Cap: £144.3M
Learn more about FDEV stock on TipRanks’ Stock Analysis page.