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An announcement from Frontier Developments ( (GB:FDEV) ) is now available.
Frontier Developments PLC announced the purchase of 66,453 of its own ordinary shares at a price of 407.50 GBp each as part of its ongoing buyback program. This transaction increases the total shares purchased under the program to 1,606,902, with the company holding these shares in treasury. The buyback program is part of Frontier’s strategy to manage its capital structure and potentially enhance shareholder value.
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 operates in the video game industry, focusing on the development and publishing of interactive entertainment products. The company is known for creating popular simulation and management games and is listed on the AIM market of the London Stock Exchange.
Average Trading Volume: 105,627
Technical Sentiment Signal: Hold
Current Market Cap: £150.7M
For a thorough assessment of FDEV stock, go to TipRanks’ Stock Analysis page.