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Frontier Developments ( (GB:FDEV) ) just unveiled an update.
Frontier Developments PLC has executed a share buyback program, purchasing 37,500 of its ordinary shares at an average price of 362.18 GBp per share. This move, part of a larger buyback initiative, aims to consolidate the company’s shares, potentially enhancing shareholder value by reducing the number of shares in circulation. The purchased shares will be held in treasury, affecting the total voting rights available to shareholders.
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 market of gaming enthusiasts.
Average Trading Volume: 109,313
Technical Sentiment Signal: Hold
Current Market Cap: £137.2M
See more insights into FDEV stock on TipRanks’ Stock Analysis page.