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The latest update is out from Frontier Developments ( (GB:FDEV) ).
Frontier Developments PLC has executed a share buyback, purchasing 14,397 of its ordinary shares at a consistent price of 364.50 GBp per share, as part of a previously announced buyback program. This move, which places the shares into treasury, reflects the company’s strategy to manage its share capital and potentially enhance shareholder value, impacting the total voting rights and share calculations for stakeholders.
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 developing and publishing interactive entertainment products. The company is known for its high-quality games and has a strong presence in the market through its innovative gaming experiences.
Average Trading Volume: 109,927
Technical Sentiment Signal: Hold
Current Market Cap: £136.9M
For an in-depth examination of FDEV stock, go to TipRanks’ Overview page.