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An update from Frontier Developments ( (GB:FDEV) ) is now available.
Frontier Developments PLC has executed a share buyback program, purchasing 23,396 of its Ordinary Shares at a price of 387.50 GBp each, as part of a previously announced initiative. This transaction, conducted through Panmure Liberum Limited, is part of a larger buyback effort that has seen the company acquire a total of 1,438,733 shares, which are being placed into treasury. The buyback reduces the number of shares available in the market, potentially increasing the value of remaining shares and impacting shareholder voting rights.
The most recent analyst rating on (GB:FDEV) stock is a Buy with a £352.00 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 is a company operating in the video game industry, primarily known for developing and publishing interactive entertainment products. The company is listed on the AIM market of the London Stock Exchange and focuses on creating engaging and innovative gaming experiences.
Average Trading Volume: 111,945
Technical Sentiment Signal: Hold
Current Market Cap: £140.4M
Learn more about FDEV stock on TipRanks’ Stock Analysis page.