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Frontier Developments ( (GB:FDEV) ) has shared an update.
Frontier Developments plc has announced a £10 million on-market share buyback program, aimed at reducing its share capital with voting rights and returning surplus capital to shareholders. This initiative is expected to improve the company’s return on equity and increase earnings per share, while maintaining financial flexibility to support its growth strategy. The buyback will be executed by Peel Hunt LLP and Panmure Liberum Limited, and David Braben, the company’s President and Founder, plans to sell shares to keep his ownership percentage stable. The program is set to run until June 2026, subject to market conditions and shareholder approvals.
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 is a leading independent developer and publisher of video games, founded in 1994 by David Braben, co-author of the iconic Elite game. Based in Cambridge, UK, the company uses its proprietary COBRA game development technology to create innovative genre-leading games, primarily for personal computers and video game consoles.
Average Trading Volume: 86,341
Technical Sentiment Signal: Hold
Current Market Cap: £127.8M
For a thorough assessment of FDEV stock, go to TipRanks’ Stock Analysis page.